Air Products and Chemicals, Inc. $APD Shares Acquired by First National Trust Co

First National Trust Co lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,170 shares of the basic materials company’s stock after acquiring an additional 112 shares during the period. First National Trust Co’s holdings in Air Products and Chemicals were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $25,000. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $27,000. Financial Connections Group Inc. boosted its position in shares of Air Products and Chemicals by 46.7% during the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after buying an additional 35 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $37,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on APD shares. 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 research report on Monday, October 6th. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a report on Wednesday, October 1st. Wells Fargo & Company boosted their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Air Products and Chemicals in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $330.00.

Insider Activity

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

Air Products and Chemicals Price Performance

NYSE APD opened at $254.69 on Wednesday. The stock has a market capitalization of $56.68 billion, a P/E ratio of 36.65, a P/E/G ratio of 5.32 and a beta of 0.83. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The business’s fifty day moving average is $276.68 and its two-hundred day moving average is $279.18. 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) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior 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 forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

About Air Products and Chemicals

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.