First National Trust Co Grows Stake in Air Products and Chemicals, Inc. $APD

by · The Cerbat Gem

First National Trust Co raised its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,170 shares of the basic materials company’s stock after purchasing an additional 112 shares during the quarter. First National Trust Co’s holdings in Air Products and Chemicals were worth $1,740,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wayfinding Financial LLC purchased a new stake in shares of Air Products and Chemicals during the first quarter worth about $25,000. Saudi Central Bank purchased a new stake in shares of Air Products and Chemicals during the first quarter worth about $26,000. Cheviot Value Management LLC purchased a new stake in shares of Air Products and Chemicals during the first quarter worth about $27,000. Financial Connections Group Inc. increased 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 acquiring an additional 35 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of Air Products and Chemicals during the first quarter worth about $37,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Down 0.4%

Shares of Air Products and Chemicals stock opened at $254.69 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $276.68 and a 200 day moving average price of $279.18. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The firm has a market cap 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 (NYSE:APD – Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $3.09 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 during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the firm posted $3.20 earnings per share. Air Products and Chemicals’s quarterly 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. On average, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group dropped 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. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Finally, Citigroup lowered their price objective on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned 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.

Read Our Latest Research Report on Air Products and Chemicals

About Air Products and Chemicals

(Free Report)

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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