Air Products and Chemicals, Inc. $APD Shares Sold by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 9,365 shares of the basic materials company’s stock after selling 190 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Air Products and Chemicals were worth $2,641,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Financial Connections Group Inc. grew its holdings in Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 35 shares in the last quarter. Hamilton Capital LLC lifted its position in shares of Air Products and Chemicals by 1.5% in the 1st quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock worth $765,000 after buying an additional 38 shares during the last quarter. DB Fitzpatrick & Co Inc lifted its position in shares of Air Products and Chemicals by 1.0% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company’s stock worth $1,089,000 after buying an additional 38 shares during the last quarter. Nicholson Wealth Management Group LLC lifted its position in shares of Air Products and Chemicals by 0.7% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 5,272 shares of the basic materials company’s stock worth $1,487,000 after buying an additional 38 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its position in shares of Air Products and Chemicals by 2.6% in the 1st quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company’s stock worth $454,000 after buying an additional 39 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, the vice president directly owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APD. UBS Group reduced their price target on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Citigroup reduced their price target on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

Air Products and Chemicals Trading Up 0.2%

Air Products and Chemicals stock opened at $254.81 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $280.31 and a two-hundred day moving average price of $279.19. The firm has a market capitalization of $56.71 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 5.28 and a beta of 0.83. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.20 EPS. Air Products and Chemicals has set its FY 2025 guidance at 11.900-12.100 EPS. Q4 2025 guidance at 3.270-3.470 EPS. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.