Kornitzer Capital Management Inc. KS Decreases Stock Position in Air Products and Chemicals, Inc. $APD

Kornitzer Capital Management Inc. KS reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,907 shares of the basic materials company’s stock after selling 937 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Air Products and Chemicals were worth $5,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Financial Connections Group Inc. grew its position 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 valued at $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% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock valued at $642,000 after purchasing an additional 35 shares in the last quarter. Hamilton Capital LLC grew its position 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 valued at $765,000 after purchasing an additional 38 shares in the last quarter. DB Fitzpatrick & Co Inc grew its position in shares of Air Products and Chemicals by 1.0% in the second 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 in the last quarter. Finally, Nicholson Wealth Management Group LLC grew its position in shares of 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 valued at $1,487,000 after purchasing an additional 38 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 0.1%

Shares of APD stock opened at $255.11 on Friday. 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 $278.03 and a two-hundred day moving average price of $279.26. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14. The firm has a market cap of $56.78 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 5.30 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) 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 firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. The company’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. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals 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 transaction of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares of the company’s stock, 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 document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on APD shares. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. UBS Group dropped their price objective on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Mizuho lifted their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Friday. Finally, The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $330.00.

Air Products and Chemicals 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.