Birch Hill Investment Advisors LLC Lowers Position in Air Products and Chemicals, Inc. $APD

Key Points

• Birch Hill Investment Advisors LLC has reduced its position in Air Products and Chemicals, Inc. by 26.6%, selling 3,851 shares and retaining 10,623 shares valued at approximately $2.996 million.
• Air Products and Chemicals reported $3.09 earnings per share for the last quarter, surpassing analysts' expectations by $0.10, and its revenue increased by 1.2% year-over-year to $3.02 billion.
• Multiple institutional investors have recently altered their stakes, with Financial Connections Group Inc. increasing its holdings by 46.7% during the second quarter.

Birch Hill Investment Advisors LLC lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 26.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,623 shares of the basic materials company's stock after selling 3,851 shares during the period. Birch Hill Investment Advisors LLC's holdings in Air Products and Chemicals were worth $2,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wayfinding Financial LLC purchased a new stake in Air Products and Chemicals during the first quarter valued at about $25,000. Saudi Central Bank purchased a new stake in Air Products and Chemicals during the first quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in Air Products and Chemicals during the first quarter valued at about $27,000. Financial Connections Group Inc. raised its position in 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 valued at $31,000 after purchasing an additional 35 shares in the last quarter. Finally, Citizens National Bank Trust Department raised its position in Air Products and Chemicals by 833.3% during the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Up 0.2%

Shares of NYSE:APD opened at $254.81 on Wednesday. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The company has a market cap of $56.71 billion, a PE ratio of 36.66, a P/E/G ratio of 5.28 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The stock's 50-day moving average is $280.31 and its 200 day moving average is $279.19.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.95 billion. During the same quarter in the previous year, the business earned $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 anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of research reports. Argus upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating in a research report on Friday, September 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Air Products and Chemicals in a report on Wednesday, October 8th. UBS Group decreased their price objective on Air Products and Chemicals from $354.00 to $350.00 and set a "buy" rating on the stock in a report on Monday, October 6th. Citigroup decreased their price objective 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. Finally, Mizuho lifted their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $330.00.

Insider Transactions at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

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.

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