Croban Sells 186 Shares of Air Products and Chemicals, Inc. $APD

Croban lowered its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,192 shares of the basic materials company’s stock after selling 186 shares during the period. Croban’s holdings in Air Products and Chemicals were worth $900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APD. Wayfinding Financial LLC bought a new position in Air Products and Chemicals during the 1st quarter valued at about $25,000. Saudi Central Bank bought a new position in Air Products and Chemicals during the 1st quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in Air Products and Chemicals during the 1st quarter valued at about $27,000. Citizens National Bank Trust Department lifted its stake in shares of Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 100 shares during the period. Finally, Ransom Advisory Ltd bought a new position in shares of Air Products and Chemicals in the 1st quarter worth approximately $37,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 2.1%

Air Products and Chemicals stock opened at $257.28 on Friday. The firm has a 50 day moving average of $284.80 and a 200 day moving average of $280.83. The firm has a market capitalization of $57.26 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 5.45 and a beta of 0.83. 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 current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.

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

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders 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 dividend payout ratio (DPR) is 103.02%.

Insider Transactions at Air Products and Chemicals

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

Analysts Set New Price Targets

APD has been the topic of several recent research reports. Citigroup lowered their price objective on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. UBS Group lowered their price objective on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday. Mizuho increased their price objective on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $330.00.

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.