Folger Nolan Fleming Douglas Capital Management Inc. Decreases Stock Position in Air Products and Chemicals, Inc. $APD

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 25.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 984 shares of the basic materials company’s stock after selling 332 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Air Products and Chemicals were worth $278,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in Air Products and Chemicals during the 1st quarter valued at $25,000. Saudi Central Bank bought a new position in Air Products and Chemicals during the 1st quarter valued at $26,000. Cheviot Value Management LLC bought a new position in Air Products and Chemicals during the 1st quarter valued at $27,000. Citizens National Bank Trust Department boosted its stake in Air Products and Chemicals by 833.3% during the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new position in Air Products and Chemicals during the 1st quarter valued at $37,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Down 2.1%

APD stock opened at $257.28 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. 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 stock has a market cap of $57.26 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 5.45 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping 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 quarter last year, the company earned $3.20 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. 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, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed 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 2.8%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 103.02%.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction dated Tuesday, August 5th. The shares were 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 of the company’s stock, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on APD. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Wells Fargo & Company increased their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They set an “outperform” rating and a $355.00 target price on the stock. UBS Group dropped their target price on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a report on Monday. Finally, Mizuho increased their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.