Air Products and Chemicals, Inc. $APD Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 34,405 shares of the basic materials company’s stock after purchasing an additional 2,842 shares during the quarter. IFM Investors Pty Ltd’s holdings in Air Products and Chemicals were worth $10,147,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of APD. Belpointe Asset Management LLC increased its holdings in shares of Air Products and Chemicals by 0.7% during the first quarter. Belpointe Asset Management LLC now owns 8,574 shares of the basic materials company’s stock valued at $2,529,000 after purchasing an additional 59 shares during the period. Integrity Alliance LLC. acquired a new position in shares of Air Products and Chemicals during the first quarter valued at $845,000. Ransom Advisory Ltd acquired a new position in shares of Air Products and Chemicals during the first quarter valued at $37,000. SCS Capital Management LLC bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth about $647,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Air Products and Chemicals by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,257,524 shares of the basic materials company’s stock worth $370,869,000 after buying an additional 52,679 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the transaction, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

Air Products and Chemicals Trading Up 0.0%

Shares of Air Products and Chemicals stock opened at $287.23 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The firm has a market cap of $63.92 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82. The business has a fifty day simple moving average of $291.81 and a 200-day simple moving average of $284.78. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its 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 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%.The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is presently 103.02%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup boosted their price target on shares of 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. Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a research report on Friday, June 13th. They set an “outperform” rating and a $355.00 price target on the stock. Morgan Stanley started coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 price target on the stock. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Wells Fargo & Company upped their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average 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.