Cypress Capital Group Decreases Stock Holdings in Air Products and Chemicals, Inc. $APD

Cypress Capital Group reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,215 shares of the basic materials company’s stock after selling 119 shares during the period. Cypress Capital Group’s holdings in Air Products and Chemicals were worth $1,471,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of APD. Wayfinding Financial LLC acquired a new stake in Air Products and Chemicals in the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in shares of Air Products and Chemicals in the 1st quarter worth $26,000. Cheviot Value Management LLC purchased a new position in Air Products and Chemicals during the 1st quarter worth $27,000. Financial Connections Group Inc. increased its position in Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares in the last quarter. Finally, Citizens National Bank Trust Department raised 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. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 2.1%

APD stock opened at $257.28 on Monday. The company has a market capitalization of $57.26 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 5.33 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 firm’s fifty day simple moving average is $284.80 and its 200-day simple moving average is $280.63. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (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 company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the firm posted $3.20 earnings per share. 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. As a group, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 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 company’s stock in a transaction that occurred 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 sale, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

APD has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Air Products and Chemicals in a report on Wednesday, October 8th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Citigroup decreased their price target on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a report on Monday, October 6th. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Finally, Mizuho raised their target price on 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $330.00.

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.