Air Products and Chemicals, Inc. $APD Stock Holdings Decreased by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,937 shares of the basic materials company’s stock after selling 508 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Air Products and Chemicals were worth $2,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after buying an additional 412 shares during the period. Bison Wealth LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $245,000. Wellington Management Group LLP boosted its holdings in shares of Air Products and Chemicals by 36.6% in the 4th quarter. Wellington Management Group LLP now owns 8,775 shares of the basic materials company’s stock valued at $2,545,000 after buying an additional 2,352 shares during the period. NBC Securities Inc. boosted its stake in Air Products and Chemicals by 173,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,737 shares of the basic materials company’s stock valued at $512,000 after purchasing an additional 1,736 shares during the period. Finally, Merit Financial Group LLC boosted its stake in Air Products and Chemicals by 14.8% during the 1st quarter. Merit Financial Group LLC now owns 2,824 shares of the basic materials company’s stock valued at $833,000 after purchasing an additional 365 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.2%

Shares of NYSE:APD opened at $271.24 on Friday. The company has a 50 day moving average of $287.22 and a 200-day moving average of $281.77. The firm has a market cap of $60.36 billion, a P/E ratio of 39.03, a P/E/G ratio of 5.63 and a beta of 0.83. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. 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 issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business’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 posted $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, analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is presently 103.02%.

Insider Activity at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the sale, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APD. Mizuho boosted their target price on shares of 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 Saturday, September 27th. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, UBS Group boosted their target price on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $335.06.

About Air Products and Chemicals

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.