Air Products and Chemicals, Inc. $APD Shares Sold by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 981 shares of the basic materials company’s stock after selling 92 shares during the period. Wetzel Investment Advisors Inc.’s holdings in Air Products and Chemicals were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in APD. Dodge & Cox boosted its position in shares of Air Products and Chemicals by 31.5% during the first 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 period. Principal Financial Group Inc. boosted its position in shares of Air Products and Chemicals by 159.2% during the first 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 period. Goldman Sachs Group Inc. boosted its position in shares of Air Products and Chemicals by 110.5% during the first 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 period. Electron Capital Partners LLC raised its holdings in Air Products and Chemicals by 251.4% during the first quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company’s stock worth $91,917,000 after purchasing an additional 222,980 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Air Products and Chemicals in the first quarter worth approximately $42,661,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 0.9%

Shares of APD opened at $272.82 on Wednesday. The business’s 50-day moving average price is $288.90 and its 200 day moving average price is $282.18. The stock has a market capitalization of $60.72 billion, a P/E ratio of 39.25, a P/E/G ratio of 6.03 and a beta of 0.82. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year 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 firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.Air Products and Chemicals’s revenue was up 1.2% on a year-over-year basis. During the same quarter last 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. Analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

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

Insider Transactions at Air Products and Chemicals

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

Analysts Set New Price Targets

APD has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Citigroup upped their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research report on Friday, June 13th. They issued an “outperform” rating and a $355.00 target price for the company. 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 research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $335.07.

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.