CNB Bank Cuts Stock Holdings in Air Products and Chemicals, Inc. $APD

CNB Bank lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 5.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,707 shares of the basic materials company’s stock after selling 154 shares during the period. CNB Bank’s holdings in Air Products and Chemicals were worth $764,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Dodge & Cox grew its stake in Air Products and Chemicals by 31.5% in the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after purchasing an additional 2,096,568 shares during the period. Principal Financial Group Inc. grew its stake in shares of Air Products and Chemicals by 159.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock worth $508,962,000 after buying an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Air Products and Chemicals by 110.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock valued at $425,202,000 after buying an additional 756,780 shares during the last quarter. Electron Capital Partners LLC raised its position in shares of Air Products and Chemicals by 251.4% in the 1st quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company’s stock worth $91,917,000 after purchasing an additional 222,980 shares during the last quarter. Finally, Strs Ohio bought a new position in Air Products and Chemicals in the 1st quarter worth about $42,661,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $255.11 on Friday. The firm has a market cap of $56.78 billion, a PE ratio of 36.71, a PEG ratio of 5.30 and a beta of 0.83. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The stock has a 50 day moving average of $278.03 and a 200 day moving average of $279.04. 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 (NYSE:APD) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 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 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business 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 expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APD has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research report on Wednesday, October 1st. Mizuho upped their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. UBS Group cut their price target on 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. Finally, Citigroup lowered their target price on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $330.00.

Insider Transactions at Air Products and Chemicals

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

Air Products and Chemicals Company 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.