Venturi Wealth Management LLC Reduces Position in Air Products and Chemicals, Inc. $APD

Venturi Wealth Management LLC lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 44.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,225 shares of the basic materials company’s stock after selling 988 shares during the period. Venturi Wealth Management LLC’s holdings in Air Products and Chemicals were worth $346,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hamilton Capital LLC boosted its holdings in shares of Air Products and Chemicals by 1.5% in the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock valued at $765,000 after purchasing an additional 38 shares during the period. DB Fitzpatrick & Co Inc boosted its holdings in shares of Air Products and Chemicals by 1.0% in the second quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company’s stock valued at $1,089,000 after purchasing an additional 38 shares during the period. West Branch Capital LLC boosted its holdings in shares of Air Products and Chemicals by 10.2% in the first quarter. West Branch Capital LLC now owns 421 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 39 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Air Products and Chemicals by 2.6% in the first quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 39 shares during the period. Finally, Connecticut Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 1.7% in the first quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company’s stock valued at $703,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $257.28 on Friday. The business’s fifty day simple moving average is $284.80 and its 200-day simple moving average is $280.83. The company has a market cap of $57.26 billion, a PE ratio of 37.02, a PEG ratio of 5.45 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 12-month low of $243.69 and a 12-month high of $341.14.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.20 earnings per share. 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. Analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.8%. Air Products and Chemicals’s dividend payout ratio is presently 103.02%.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the transaction, the vice president directly owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on APD shares. Royal Bank Of Canada started coverage on Air Products and Chemicals in a report on Friday, June 13th. They issued an “outperform” rating and a $355.00 price target for the company. Citigroup lowered their target price on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a report on Monday, October 6th. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. UBS Group lowered their target price on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a report on Monday. Finally, Mizuho upped their target price 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 investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $330.00.

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.