Tevis Investment Management Purchases Shares of 2,365 Air Products and Chemicals, Inc. $APD

Tevis Investment Management purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,365 shares of the basic materials company’s stock, valued at approximately $667,000.

A number of other hedge funds have also recently bought and sold shares of APD. Brighton Jones LLC boosted its stake in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 412 shares during the period. Bison Wealth LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $245,000. GAMMA Investing LLC boosted its stake in shares of Air Products and Chemicals by 8.0% during the 1st quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company’s stock worth $1,250,000 after acquiring an additional 314 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Air Products and Chemicals by 28.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 10,912 shares of the basic materials company’s stock worth $3,218,000 after acquiring an additional 2,389 shares during the period. Finally, Diversified Trust Co boosted its stake in shares of Air Products and Chemicals by 5.7% during the 1st quarter. Diversified Trust Co now owns 1,512 shares of the basic materials company’s stock worth $446,000 after acquiring an additional 81 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on APD. Mizuho lifted their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Citigroup reduced their target price on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Finally, The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Stock Performance

APD opened at $255.90 on Tuesday. The business has a fifty day simple moving average of $277.38 and a 200 day simple moving average of $279.22. The company has a market capitalization of $56.95 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 5.30 and a beta of 0.83. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company 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. Research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the transaction, the vice president directly owned 8,686 shares of the company’s stock, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

Air Products and Chemicals Profile

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.