Motco Has $5.06 Million Position in Air Products and Chemicals, Inc. $APD

Motco reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,558 shares of the basic materials company’s stock after selling 359 shares during the quarter. Motco’s holdings in Air Products and Chemicals were worth $5,055,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in APD. Brighton Jones LLC grew its position in shares of Air Products and Chemicals by 14.5% in the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after purchasing an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $245,000. Robeco Institutional Asset Management B.V. grew its position in shares of Air Products and Chemicals by 28.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 10,912 shares of the basic materials company’s stock valued at $3,218,000 after purchasing an additional 2,389 shares during the last quarter. Diversified Trust Co grew its position in shares of Air Products and Chemicals by 5.7% in the first quarter. Diversified Trust Co now owns 1,512 shares of the basic materials company’s stock valued at $446,000 after purchasing an additional 81 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Air Products and Chemicals by 17.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,965 shares of the basic materials company’s stock valued at $7,589,000 after purchasing an additional 3,868 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on APD shares. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Mizuho raised their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. UBS Group decreased their target price on 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 decreased their target price on 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. Finally, Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $330.00.

Air Products and Chemicals Stock Down 0.4%

APD stock opened at $254.69 on Wednesday. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a market cap of $56.68 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 5.32 and a beta of 0.83. The business’s 50-day simple moving average is $276.68 and its 200 day simple moving average is $279.18. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.20 earnings per share. 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. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the firm’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 completion of the transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently 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.