Praxis Investment Management Inc. Sells 3,520 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Praxis Investment Management Inc. reduced its stake in Air Products and Chemicals by 59.9%, selling 3,520 shares and retaining 2,357 shares valued at approximately $665,000.
• Several other institutional investors have recently modified their positions, with some increasing their stakes significantly, contributing to institutional ownership of 81.66% of the company's stock.
• Air Products and Chemicals recently reported earnings of $3.09 per share for the last quarter, exceeding analyst expectations, while guiding FY 2025 EPS between 11.900-12.100.

Praxis Investment Management Inc. decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 59.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,357 shares of the basic materials company's stock after selling 3,520 shares during the quarter. Praxis Investment Management Inc.'s holdings in Air Products and Chemicals were worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Air Products and Chemicals during the first quarter valued at approximately $25,000. Saudi Central Bank bought a new stake in shares of Air Products and Chemicals during the first quarter valued at approximately $26,000. Cheviot Value Management LLC bought a new stake in shares of Air Products and Chemicals during the first quarter valued at approximately $27,000. Financial Connections Group Inc. increased its holdings 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 valued at $31,000 after acquiring an additional 35 shares in the last quarter. Finally, Citizens National Bank Trust Department increased its holdings in shares of 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 acquiring an additional 100 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $397,344.42. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company's stock.

Air Products and Chemicals Stock Up 0.1%

APD stock opened at $253.32 on Friday. The stock's fifty day simple moving average is $281.60 and its two-hundred day simple moving average is $279.56. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The stock has a market cap of $56.38 billion, a P/E ratio of 36.45, a P/E/G ratio of 5.25 and a beta of 0.83.

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 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 business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the previous year, the firm earned $3.20 earnings per share. The business's revenue was up 1.2% on a year-over-year basis. 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 expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Argus raised Air Products and Chemicals from a "hold" rating to a "buy" rating in a research report on Friday, September 12th. Mizuho lifted their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. UBS Group cut their target price on Air Products and Chemicals from $354.00 to $350.00 and set a "buy" rating on the stock in a research report on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $330.00.

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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