Valley National Advisers Inc. Sells 54 Shares of Air Products and Chemicals, Inc. $APD

Valley National Advisers Inc. decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,058 shares of the basic materials company’s stock after selling 54 shares during the period. Valley National Advisers Inc.’s holdings in Air Products and Chemicals were worth $2,272,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in Air Products and Chemicals during the first quarter valued at $25,000. Saudi Central Bank bought a new position in shares of Air Products and Chemicals during the 1st quarter worth $26,000. Cheviot Value Management LLC bought a new stake in Air Products and Chemicals in the 1st quarter valued at about $27,000. Citizens National Bank Trust Department lifted its holdings in Air Products and Chemicals by 833.3% during the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Air Products and Chemicals in the first quarter worth about $37,000. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APD has been the subject of several analyst reports. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Air Products and Chemicals in a report on Saturday, September 27th. Wells Fargo & Company upped their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Finally, Citigroup raised their price objective on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, June 30th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.06.

Air Products and Chemicals Stock Up 0.2%

APD stock opened at $271.24 on Monday. The company’s 50 day moving average is $287.22 and its 200 day moving average is $281.61. The stock has a market cap of $60.36 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.83. 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, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its quarterly 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. 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 net margin of 12.86% and a return on equity of 15.11%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

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

Insider Transactions at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the company’s 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 completion of the transaction, the vice president directly owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by company insiders.

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.