Air Products and Chemicals, Inc. $APD Shares Purchased by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. increased its holdings in Air Products and Chemicals, Inc. by 17.8% during the 2nd quarter, acquiring a total of 12,481 shares valued at approximately $3.5 million.
• A number of institutional investors, including Dodge & Cox and Principal Financial Group, boosted their stakes significantly in Air Products and Chemicals during the first quarter, leading to institutional ownership of 81.66% of the stock.
• Analysts maintain a generally positive outlook for Air Products and Chemicals, with an average target price of $330 and various ratings reflecting confidence in the company’s performance.

Phoenix Financial Ltd. increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 17.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,481 shares of the basic materials company's stock after buying an additional 1,888 shares during the quarter. Phoenix Financial Ltd.'s holdings in Air Products and Chemicals were worth $3,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dodge & Cox boosted its holdings 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 valued at $2,583,417,000 after acquiring an additional 2,096,568 shares during the last quarter. Principal Financial Group Inc. lifted its position in Air Products and Chemicals by 159.2% during the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock valued at $508,962,000 after purchasing an additional 1,059,970 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Air Products and Chemicals by 110.5% in 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 purchasing an additional 756,780 shares during the last quarter. Electron Capital Partners LLC grew its position in Air Products and Chemicals by 251.4% during 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 period. Finally, Strs Ohio purchased a new position in shares of Air Products and Chemicals during the 1st quarter valued at about $42,661,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares of the company's stock, valued at $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 available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings restated a "hold (c)" rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price objective 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. Wall Street Zen raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Argus raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday, September 12th. 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 research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Air Products and Chemicals has an average rating of "Moderate Buy" and an average target price of $330.00.

Air Products and Chemicals Stock Up 0.2%

APD opened at $254.81 on Wednesday. The company has a market cap of $56.71 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 5.28 and a beta of 0.83. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a 50-day moving average price of $280.31 and a 200 day moving average price of $279.19. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data 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. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same period in the previous year, the firm posted $3.20 EPS. 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. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

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.

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