Air Products and Chemicals (NYSE:APD) Raised to Buy at Argus

Air Products and Chemicals (NYSE:APD) was upgraded by equities research analysts at Argus from a “hold” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports.

APD has been the topic of a number of other reports. Wells Fargo & Company upped their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Citigroup upped their target price on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a “buy” rating in a report on Monday, June 30th. 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. UBS Group upped their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada initiated coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an “outperform” rating and a $355.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $335.07.

Air Products and Chemicals Trading Down 0.5%

Shares of NYSE:APD opened at $293.14 on Friday. The company’s 50-day moving average price is $291.89 and its two-hundred day moving average price is $284.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. Air Products and Chemicals has a one year low of $243.69 and a one year high of $341.14. The stock has a market capitalization of $65.24 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 6.57 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last issued its 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. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities analysts forecast that Air Products and Chemicals will post 12.69 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Financial Connections Group Inc. grew its position in shares of Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 35 shares in the last quarter. Meadow Creek Wealth Advisors LLC grew its position in shares of Air Products and Chemicals by 1.6% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock worth $642,000 after purchasing an additional 35 shares in the last quarter. YANKCOM Partnership grew its position in shares of Air Products and Chemicals by 1.3% during the 2nd quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock worth $791,000 after purchasing an additional 35 shares in the last quarter. Atlatl Advisers LLC lifted its holdings in shares of Air Products and Chemicals by 2.5% during the 2nd quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock worth $420,000 after acquiring an additional 37 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Air Products and Chemicals by 7.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.