Greatmark Investment Partners Inc. Sells 4,288 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Greatmark Investment Partners Inc. reduced its stake in Air Products and Chemicals, selling 4,288 shares and lowering its ownership by 29.9% during the second quarter, leaving it with 10,051 shares valued at approximately $2.8 million.
• Other large investors have increased their positions in Air Products and Chemicals, including Financial Connections Group Inc. which raised its stake by 46.7%.
• Analyst ratings for Air Products and Chemicals are varied, with one firm setting a price target of $335.00 and another lowering its target from $325.00 to $308.00, reflecting mixed sentiments among analysts regarding the stock.

Greatmark Investment Partners Inc. lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 29.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,051 shares of the basic materials company's stock after selling 4,288 shares during the quarter. Greatmark Investment Partners Inc.'s holdings in Air Products and Chemicals were worth $2,835,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Financial Connections Group Inc. increased its stake in shares of Air Products and Chemicals by 46.7% in 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. Hamilton Capital LLC grew its stake in shares of Air Products and Chemicals by 1.5% in the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company's stock worth $765,000 after purchasing an additional 38 shares during the last quarter. DB Fitzpatrick & Co Inc raised its position in Air Products and Chemicals by 1.0% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company's stock valued at $1,089,000 after purchasing an additional 38 shares during the last quarter. Nicholson Wealth Management Group LLC lifted its stake in Air Products and Chemicals by 0.7% in the second quarter. Nicholson Wealth Management Group LLC now owns 5,272 shares of the basic materials company's stock worth $1,487,000 after acquiring an additional 38 shares during the period. Finally, Kathmere Capital Management LLC boosted its holdings in Air Products and Chemicals by 2.6% in the first quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company's stock valued at $454,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Insider Activity at Air Products and Chemicals

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Citigroup reduced their price target on 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. Weiss Ratings reissued a "hold (c)" rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. Finally, 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 report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and an average target price of $330.00.

Air Products and Chemicals Stock Up 0.2%

NYSE:APD opened at $254.81 on Wednesday. The firm has a 50-day simple moving average of $280.31 and a two-hundred day simple moving average of $279.19. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The firm has a market cap of $56.71 billion, a P/E ratio of 36.66, a P/E/G ratio of 5.28 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.99 by $0.10. The company 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%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.20 EPS. 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. Analysts predict 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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