Astoria Portfolio Advisors LLC. Purchases 133 Shares of Air Products and Chemicals, Inc. $APD

Astoria Portfolio Advisors LLC. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,805 shares of the basic materials company’s stock after acquiring an additional 133 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Air Products and Chemicals were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APD. Concord Asset Management LLC VA bought a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at about $352,000. Sequoia Financial Advisors LLC grew its position in shares of Air Products and Chemicals by 8.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,617 shares of the basic materials company’s stock valued at $1,866,000 after buying an additional 524 shares during the last quarter. Vest Financial LLC grew its position in shares of Air Products and Chemicals by 23.4% in the 2nd quarter. Vest Financial LLC now owns 201,758 shares of the basic materials company’s stock valued at $56,908,000 after buying an additional 38,262 shares during the last quarter. LRI Investments LLC grew its position in shares of Air Products and Chemicals by 2.2% in the 2nd quarter. LRI Investments LLC now owns 3,093 shares of the basic materials company’s stock valued at $872,000 after buying an additional 66 shares during the last quarter. Finally, SPC Financial Inc. grew its position in shares of Air Products and Chemicals by 0.8% in the 2nd quarter. SPC Financial Inc. now owns 6,893 shares of the basic materials company’s stock valued at $1,944,000 after buying an additional 56 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of the company’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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Down 2.1%

Shares of Air Products and Chemicals stock opened at $257.28 on Monday. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year 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’s 50-day moving average is $284.80 and its 200 day moving average is $280.63. The firm has a market cap of $57.26 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 5.33 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last posted 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. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the business earned $3.20 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. 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. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. 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. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research report on Wednesday, October 1st. Mizuho upped their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, UBS Group cut their target price on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. One equities research 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. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

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.