Souders Financial Advisors bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 807 shares of the basic materials company’s stock, valued at approximately $228,000.
A number of other institutional investors have also recently modified their holdings of the business. HORAN Wealth LLC acquired a new stake in Air Products and Chemicals in the second quarter valued at $2,965,000. Resona Asset Management Co. Ltd. lifted its stake in shares of Air Products and Chemicals by 3.0% in the second quarter. Resona Asset Management Co. Ltd. now owns 80,203 shares of the basic materials company’s stock valued at $22,627,000 after purchasing an additional 2,302 shares during the period. Atlantic Union Bankshares Corp lifted its stake in shares of Air Products and Chemicals by 354.7% in the second quarter. Atlantic Union Bankshares Corp now owns 23,433 shares of the basic materials company’s stock valued at $6,610,000 after purchasing an additional 18,279 shares during the period. Moors & Cabot Inc. boosted its holdings in Air Products and Chemicals by 15.0% during the second quarter. Moors & Cabot Inc. now owns 12,094 shares of the basic materials company’s stock worth $3,411,000 after buying an additional 1,576 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in Air Products and Chemicals by 7.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock worth $160,000 after buying an additional 37 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on APD. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research note on Wednesday, October 1st. UBS Group reduced their price objective on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a report on Monday, October 6th. Wells Fargo & Company upped their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Citigroup dropped their price target on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Finally, Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $330.00.
Air Products and Chemicals Trading Up 8.9%
Shares of APD opened at $258.64 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $235.55 and a fifty-two week high of $341.14. The company has a market capitalization of $57.56 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 5.16 and a beta of 0.81. The stock has a fifty day moving average of $269.64 and a two-hundred day moving average of $278.05. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29.
Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.01. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $3.56 earnings per share. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS. FY 2026 guidance at 12.850-13.150 EPS. As a group, analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.
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.
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