Peterson Wealth Services Has $2.38 Million Holdings in Air Products and Chemicals, Inc. $APD

Peterson Wealth Services grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.9% in the second quarter, Holdings Channel reports. The institutional investor owned 8,425 shares of the basic materials company’s stock after purchasing an additional 236 shares during the period. Peterson Wealth Services’ holdings in Air Products and Chemicals were worth $2,376,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox lifted its position in shares of Air Products and Chemicals by 31.5% in the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after acquiring an additional 2,096,568 shares during the period. Raymond James Financial Inc. boosted its stake in Air Products and Chemicals by 1.4% during the first quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company’s stock worth $913,154,000 after buying an additional 43,695 shares in the last quarter. Principal Financial Group Inc. increased its holdings in 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 valued at $508,962,000 after buying an additional 1,059,970 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Air Products and Chemicals by 110.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock worth $425,202,000 after acquiring an additional 756,780 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Air Products and Chemicals by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company’s stock valued at $385,698,000 after acquiring an additional 19,237 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APD. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Argus upgraded shares of 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 on the stock in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Friday. Finally, Wells Fargo & Company lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target of $330.00.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $255.11 on Friday. The firm has a market cap of $56.78 billion, a price-to-earnings 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 company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average price of $278.03 and a 200 day moving average price of $279.04.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the business posted $3.20 earnings per share. Air Products and Chemicals’s revenue was up 1.2% compared to the same quarter last year. 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 related news, VP Victoria Brifo sold 1,359 shares of the firm’s 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 filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

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.