Mitchell Sinkler & Starr PA Has $950,000 Position in Air Products and Chemicals, Inc. $APD

Mitchell Sinkler & Starr PA lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 89.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,369 shares of the basic materials company’s stock after selling 27,474 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Air Products and Chemicals were worth $950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LRI Investments LLC increased its holdings in shares of Air Products and Chemicals by 2.2% in the second quarter. LRI Investments LLC now owns 3,093 shares of the basic materials company’s stock valued at $872,000 after purchasing an additional 66 shares in the last quarter. SPC Financial Inc. increased its holdings in shares of Air Products and Chemicals by 0.8% in the second quarter. SPC Financial Inc. now owns 6,893 shares of the basic materials company’s stock valued at $1,944,000 after purchasing an additional 56 shares in the last quarter. CWM LLC increased its holdings in shares of Air Products and Chemicals by 9.4% in the second quarter. CWM LLC now owns 7,461 shares of the basic materials company’s stock valued at $2,104,000 after purchasing an additional 639 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC increased its holdings in shares of Air Products and Chemicals by 1.1% in the second quarter. Franklin Parlapiano Turner & Welch LLC now owns 28,552 shares of the basic materials company’s stock valued at $8,053,000 after purchasing an additional 298 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Air Products and Chemicals by 14.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,566 shares of the basic materials company’s stock valued at $8,624,000 after purchasing an additional 3,769 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on APD shares. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Wells Fargo & Company raised 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 research note on Monday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday. Mizuho raised 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 research note on Tuesday, July 15th. Finally, The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $330.00.

Insider Buying and Selling

In related 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 value of $397,344.42. Following the sale, the vice president directly owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Air Products and Chemicals Price Performance

APD opened at $257.28 on Friday. 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, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The company has a fifty day simple moving average of $284.80 and a 200 day simple moving average of $280.74. The stock has a market cap of $57.26 billion, a P/E ratio of 37.02, a P/E/G ratio of 5.33 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the prior year, the company earned $3.20 EPS. The firm’s quarterly revenue 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. On average, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed 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. The ex-dividend date 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 currently 103.02%.

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.