TrueMark Investments LLC Boosts Stock Holdings in Air Products and Chemicals, Inc. $APD

TrueMark Investments LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,319 shares of the basic materials company’s stock after buying an additional 1,394 shares during the period. TrueMark Investments LLC’s holdings in Air Products and Chemicals were worth $4,885,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Koshinski Asset Management Inc. grew its stake in Air Products and Chemicals by 1.8% during the second quarter. Koshinski Asset Management Inc. now owns 3,922 shares of the basic materials company’s stock valued at $1,106,000 after acquiring an additional 71 shares in the last quarter. Huntleigh Advisors Inc. grew its stake in Air Products and Chemicals by 4.5% during the second quarter. Huntleigh Advisors Inc. now owns 8,703 shares of the basic materials company’s stock valued at $2,455,000 after acquiring an additional 372 shares in the last quarter. Nicholson Wealth Management Group LLC grew its stake in Air Products and Chemicals by 0.7% during the second quarter. Nicholson Wealth Management Group LLC now owns 5,272 shares of the basic materials company’s stock valued at $1,487,000 after acquiring an additional 38 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in Air Products and Chemicals by 0.7% during the second quarter. Chevy Chase Trust Holdings LLC now owns 120,950 shares of the basic materials company’s stock valued at $34,115,000 after acquiring an additional 868 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Air Products and Chemicals by 5.6% during the second quarter. Stratos Wealth Partners LTD. now owns 22,657 shares of the basic materials company’s stock valued at $6,391,000 after acquiring an additional 1,199 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 value of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

APD has been the subject of several research analyst reports. UBS Group cut their target price on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Citigroup dropped their price objective on shares of 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. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. 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 assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.00.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $253.32 on Friday. The firm has a 50-day moving average price of $281.60 and a 200-day moving average price of $279.45. The firm has a market capitalization of $56.38 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 5.25 and a beta of 0.83. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $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. As a group, equities research 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.