Air Products & Chemicals Inc (NYSE: APD) is 12.03% higher on its value in year-to-date trading and has touched a low of $212.24 and a high of $332.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APD stock was last observed hovering at around $306.37 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $306.73, the stock is -3.79% and 2.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 0.12% at the moment leaves the stock 15.95% off its SMA200. APD registered 5.30% gain for a year compared to 6-month gain of 24.55%. The firm has a 50-day simple moving average (SMA 50) of $299.5348 and a 200-day simple moving average (SMA200) of $264.31924.
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The stock witnessed a -1.17% loss in the last 1 month and extending the period to 3 months gives it a 9.86%, and is -1.93% 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 2.10% over the week and 1.67% over the month.
Air Products & Chemicals Inc (APD) has around 23000 employees, a market worth around $68.19B and $12.10B in sales. Current P/E ratio is 26.66 and Fwd P/E is 22.98. Profit margin for the company is 21.18%. Distance from 52-week low is 44.52% and -7.73% from its 52-week high. The company has generated returns on investments over the last 12 months (8.96%).
The EPS is expected to grow by 7.14% this year
2127.0 institutions hold shares in Air Products & Chemicals Inc (APD), with institutional investors hold 89.23% of the company’s shares. The shares outstanding are 222.20M, and float is at 220.60M with Short Float at 1.99%. Institutions hold 88.91% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.08 million shares valued at $5.44 billion. The investor’s holdings represent 9.4742 of the APD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.77 million shares valued at $4.33 billion to account for 7.5387 of the shares outstanding. The other top investors are CAPITAL RESEARCH GLOBAL INVESTORS which holds 14.93 million shares representing 6.7116 and valued at over $3.85 billion, while STATE FARM MUTUAL AUTOMOBILE INSURANCE CO holds 5.529 of the shares totaling 12.3 million with a market value of $3.17 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).
