Trust Co. of Toledo NA OH lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,966 shares of the basic materials company’s stock after selling 287 shares during the period. Trust Co. of Toledo NA OH’s holdings in Air Products and Chemicals were worth $2,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the business. Aberdeen Group plc raised its holdings in shares of Air Products and Chemicals by 4.1% during the second quarter. Aberdeen Group plc now owns 113,027 shares of the basic materials company’s stock worth $31,903,000 after purchasing an additional 4,492 shares during the last quarter. Blue Zone Wealth Advisors LLC increased its holdings in Air Products and Chemicals by 3.2% in the second quarter. Blue Zone Wealth Advisors LLC now owns 17,715 shares of the basic materials company’s stock valued at $4,997,000 after buying an additional 549 shares in the last quarter. Blue Trust Inc. increased its holdings in Air Products and Chemicals by 46.3% in the second quarter. Blue Trust Inc. now owns 3,304 shares of the basic materials company’s stock valued at $932,000 after buying an additional 1,045 shares in the last quarter. Total Wealth Planning & Management Inc. increased its holdings in Air Products and Chemicals by 23.1% in the second quarter. Total Wealth Planning & Management Inc. now owns 1,421 shares of the basic materials company’s stock valued at $401,000 after buying an additional 267 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in Air Products and Chemicals by 6.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 4,109 shares of the basic materials company’s stock valued at $1,159,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Citigroup cut their price objective on shares of 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. Mizuho lifted their price objective on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a report on Wednesday, October 1st. Finally, UBS Group dropped their target price on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $330.00.
Insiders Place Their Bets
In related news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were 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 in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.
Air Products and Chemicals Stock Down 2.1%
Shares of NYSE APD opened at $257.28 on Friday. The company’s 50-day simple moving average is $284.80 and its 200-day simple moving average is $280.83. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The firm has a market cap of $57.26 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 5.45 and a beta of 0.83. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.
Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the business earned $3.20 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.
Air Products and Chemicals Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors 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 2.8%. Air Products and Chemicals’s payout ratio is presently 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.
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