Air Products and Chemicals, Inc. $APD Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 8.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,357 shares of the basic materials company’s stock after selling 120 shares during the period. Everpar Advisors LLC’s holdings in Air Products and Chemicals were worth $383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. Brighton Jones LLC grew its stake in Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 412 shares in the last quarter. Bison Wealth LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth $245,000. Gotham Asset Management LLC grew its stake in Air Products and Chemicals by 12.0% during the 4th quarter. Gotham Asset Management LLC now owns 1,091 shares of the basic materials company’s stock worth $316,000 after purchasing an additional 117 shares in the last quarter. Man Group plc grew its stake in Air Products and Chemicals by 3.4% during the 4th quarter. Man Group plc now owns 2,174 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 71 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new position in Air Products and Chemicals during the 4th quarter worth $1,211,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on APD shares. UBS Group boosted their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Mizuho upped their price objective 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. Morgan Stanley started coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 price objective for the company. Royal Bank Of Canada started coverage on Air Products and Chemicals in a research report on Friday, June 13th. They set an “outperform” rating and a $355.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $335.07.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the transaction, the vice president directly owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Down 1.6%

APD opened at $284.95 on Wednesday. The business has a 50 day moving average price of $291.76 and a two-hundred day moving average price of $283.93. 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 company has a market cap of $63.42 billion, a PE ratio of 41.00, a P/E/G ratio of 6.46 and a beta of 0.82. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $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. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

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