Air Products & Chemicals Inc. (NYSE: APD) is -12.73% lower on its value in year-to-date trading and has touched a low of $212.24 and a high of $307.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The APD stock was last observed hovering at around $241.82 in the last trading session, with the day’s loss setting it -2.87%.
Currently trading at $238.95, the stock is -0.04% and -1.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.85 million and changing -1.19% at the moment leaves the stock -12.81% off its SMA200. APD registered -14.42% loss for a year compared to 6-month loss of -20.15%. The firm has a 50-day simple moving average (SMA 50) of $5.12 and a 200-day simple moving average (SMA200) of $14.16.
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The stock witnessed a 4.76% gain in the last 1 month and extending the period to 3 months gives it a -11.89%, and is -3.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 1.69% over the month.
Air Products & Chemicals Inc. (APD) has around 23000 employees, a market worth around $53.12B and $12.42B in sales. Current P/E ratio is 22.85 and Fwd P/E is 17.78. Profit margin for the company is 18.76%. Distance from 52-week low is 12.58% and -22.35% from its 52-week high. The company has generated returns on investments over the last 12 months (8.51%).
Air Products & Chemicals Inc. quarterly earnings per share for the current quarter are estimated at $2.7 with sales reaching $3.06B over the same period.The EPS is expected to grow by 7.15% this year, but quarterly earnings will post 0.60% year-over-year.
2,154 institutions hold shares in Air Products & Chemicals Inc. (APD), with institutional investors hold 86.11% of the company’s shares. The shares outstanding are 222.20M, and float is at 218.78M with Short Float at 1.08%. Institutions hold 85.83% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 20.95 million shares valued at $6.28 billion. The investor’s holdings represent 9.43% of the APD Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 14.89 million shares valued at $4.46 billion to account for 6.70% of the shares outstanding. The other top investors are State Farm Mutual Automobile Insurance Co which holds 12.96 million shares representing 5.83% and valued at over $3.88 billion, while State Street Corporation holds 4.36% of the shares totaling 9.69 million with a market value of $2.9 billion.
Air Products & Chemicals Inc. (APD) Insider Activity
The most recent transaction is an insider sale by Kutz Jeffrey, the company’s VP, Controller & PAO. SEC filings show that Kutz Jeffrey sold 107 shares of the company’s common stock on Dec 05 ’23 at a price of $264.74 per share for a total of $28327.0. Following the sale, the insider now owns 1270.0 shares.
Air Products & Chemicals Inc. disclosed in a document filed with the SEC on Nov 13 ’23 that Ghasemi Seifi (Chairman, Pres. and CEO) bought a total of 11,000 shares of the company’s common stock. The trade occurred on Nov 13 ’23 and was made at $264.42 per share for $2.91 million. Following the transaction, the insider now directly holds 0.67 million shares of the APD stock.
Still, SEC filings show that on Nov 08 ’23, Ghasemi Seifi (Chairman, Pres. and CEO) acquired 10,000 shares at an average price of $252.34 for $2.52 million. The insider now directly holds 659,673 shares of Air Products & Chemicals Inc. (APD).
