Founders Capital Management Sells 88 Shares of Air Products and Chemicals, Inc. $APD

Founders Capital Management decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,203 shares of the basic materials company’s stock after selling 88 shares during the period. Air Products and Chemicals makes up approximately 3.2% of Founders Capital Management’s holdings, making the stock its 12th biggest position. Founders Capital Management’s holdings in Air Products and Chemicals were worth $5,416,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Trilogy Capital Inc. boosted its stake in Air Products and Chemicals by 5.5% in the 2nd quarter. Trilogy Capital Inc. now owns 10,371 shares of the basic materials company’s stock worth $2,925,000 after purchasing an additional 542 shares in the last quarter. Loudon Investment Management LLC boosted its stake in Air Products and Chemicals by 3.3% in the 2nd quarter. Loudon Investment Management LLC now owns 7,123 shares of the basic materials company’s stock worth $2,009,000 after purchasing an additional 227 shares in the last quarter. PFG Investments LLC boosted its stake in Air Products and Chemicals by 21.3% in the 2nd quarter. PFG Investments LLC now owns 1,360 shares of the basic materials company’s stock worth $384,000 after purchasing an additional 239 shares in the last quarter. Powers Advisory Group LLC boosted its stake in Air Products and Chemicals by 4.6% in the 2nd quarter. Powers Advisory Group LLC now owns 1,716 shares of the basic materials company’s stock worth $484,000 after purchasing an additional 75 shares in the last quarter. Finally, Chicago Capital LLC lifted its stake in Air Products and Chemicals by 27.8% during the 2nd quarter. Chicago Capital LLC now owns 8,247 shares of the basic materials company’s stock valued at $2,326,000 after acquiring an additional 1,792 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE APD opened at $272.82 on Wednesday. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The stock has a market cap of $60.72 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 6.03 and a beta of 0.82. The company’s 50 day moving average is $288.90 and its two-hundred day moving average is $282.18. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the business earned $3.20 EPS. The firm’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. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 103.02%.

Insider Transactions at Air Products and Chemicals

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 completion of the sale, the vice president directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APD. Royal Bank Of Canada began coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They set an “outperform” rating and a $355.00 price target on the stock. 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. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Mizuho raised their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, UBS Group increased their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $335.06.

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.