US Bancorp DE Trims Stock Holdings in Air Products and Chemicals, Inc. $APD

US Bancorp DE lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,368 shares of the basic materials company’s stock after selling 2,302 shares during the period. US Bancorp DE owned about 0.05% of Air Products and Chemicals worth $33,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dodge & Cox lifted its holdings in Air Products and Chemicals by 31.5% during the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after buying an additional 2,096,568 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Air Products and Chemicals by 1.4% during the 1st quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company’s stock worth $913,154,000 after buying an additional 43,695 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Air Products and Chemicals by 159.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock worth $508,962,000 after buying an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Air Products and Chemicals by 110.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock worth $425,202,000 after buying an additional 756,780 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Air Products and Chemicals by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company’s stock worth $385,698,000 after buying an additional 19,237 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling

In related news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was 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. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a report on Wednesday, October 1st. Wells Fargo & Company raised their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. UBS Group cut their price target on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a report on Monday. Finally, Mizuho raised their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Stock Down 2.1%

APD opened at $257.28 on Friday. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The stock has a market cap of $57.26 billion, a P/E ratio of 37.02, a P/E/G ratio of 5.45 and a beta of 0.83. The stock’s 50 day moving average price is $284.80 and its 200 day moving average price is $280.83.

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

Air Products and Chemicals Announces Dividend

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 given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 103.02%.

Air Products and Chemicals 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.