Air Products and Chemicals, Inc. $APD Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 6.6% in the second quarter, HoldingsChannel.com reports. The firm owned 4,109 shares of the basic materials company’s stock after acquiring an additional 253 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Air Products and Chemicals were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Air Products and Chemicals in the first quarter worth $25,000. Saudi Central Bank acquired a new position in Air Products and Chemicals in the first quarter worth $26,000. Cheviot Value Management LLC acquired a new position in Air Products and Chemicals in the first quarter worth $27,000. Citizens National Bank Trust Department lifted its stake in Air Products and Chemicals by 833.3% in the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new stake in Air Products and Chemicals in the first quarter valued at $37,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the topic of a number of recent research reports. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Mizuho raised their target price on 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. 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 note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday. Finally, The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.00.

Insider Transactions at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction dated 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 $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 Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $257.28 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The firm’s 50-day simple moving average is $284.80 and its 200 day simple moving average is $280.83. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The stock has a market cap of $57.26 billion, a P/E ratio of 37.02, a P/E/G ratio of 5.45 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the business earned $3.20 earnings per share. The company’s 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. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be issued 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 payout ratio is presently 103.02%.

Air Products and Chemicals Company 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.