Mcdaniel Terry & Co. Has $18.13 Million Stock Position in Air Products and Chemicals, Inc. $APD

Mcdaniel Terry & Co. lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,281 shares of the basic materials company’s stock after selling 199 shares during the quarter. Air Products and Chemicals comprises approximately 1.5% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 25th biggest holding. Mcdaniel Terry & Co.’s holdings in Air Products and Chemicals were worth $18,131,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Peterson Wealth Services raised its position in Air Products and Chemicals by 2.9% in the 2nd quarter. Peterson Wealth Services now owns 8,425 shares of the basic materials company’s stock worth $2,376,000 after purchasing an additional 236 shares during the last quarter. Sage Mountain Advisors LLC raised its position in shares of Air Products and Chemicals by 9.0% during the second quarter. Sage Mountain Advisors LLC now owns 1,775 shares of the basic materials company’s stock worth $501,000 after acquiring an additional 147 shares during the last quarter. Moment Partners LLC lifted its stake in shares of Air Products and Chemicals by 4.1% during the second quarter. Moment Partners LLC now owns 1,185 shares of the basic materials company’s stock valued at $334,000 after acquiring an additional 47 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Air Products and Chemicals by 2.5% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 577,303 shares of the basic materials company’s stock valued at $162,834,000 after acquiring an additional 14,207 shares during the last quarter. Finally, West Michigan Advisors LLC increased its position in Air Products and Chemicals by 4.3% in the second quarter. West Michigan Advisors LLC now owns 6,856 shares of the basic materials company’s stock worth $1,934,000 after purchasing an additional 284 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on APD. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research report on Wednesday, October 1st. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. 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 cut their price target on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Finally, Citigroup decreased their price objective on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $330.00.

Air Products and Chemicals Stock Up 0.1%

Shares of Air Products and Chemicals stock opened at $255.11 on Friday. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The business has a 50-day moving average of $278.03 and a two-hundred day moving average of $279.04. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.Air Products and Chemicals’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior 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. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current 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 value of $397,344.42. Following the sale, the vice president owned 8,686 shares of the company’s stock, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.41% 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.