Ancora Advisors LLC Has $8.97 Million Stock Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Ancora Advisors LLC increased its stake in Air Products and Chemicals, Inc. by 3.4%, owning a total of 30,407 shares valued at approximately $8.97 million as of its latest SEC filing.
• A number of research analysts set new price targets for Air Products and Chemicals, with estimated prices ranging from $290.00 to $355.00, reflecting a consensus average price target of $335.07.
• The company announced a quarterly dividend of $1.79 per share, representing an annualized dividend yield of 2.5%, with a payout ratio of 103.02%.

Ancora Advisors LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,407 shares of the basic materials company's stock after acquiring an additional 1,001 shares during the quarter. Ancora Advisors LLC's holdings in Air Products and Chemicals were worth $8,968,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Dodge & Cox lifted its position in Air Products and Chemicals by 31.5% in the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company's stock worth $2,583,417,000 after purchasing an additional 2,096,568 shares during the period. Mantle Ridge LP acquired a new position in shares of Air Products and Chemicals in the fourth quarter worth $1,191,344,000. Raymond James Financial Inc. increased its stake in shares of Air Products and Chemicals by 1.4% in the first quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company's stock worth $913,154,000 after acquiring an additional 43,695 shares during the last quarter. Royal Bank of Canada increased its position in Air Products and Chemicals by 1.5% during the fourth quarter. Royal Bank of Canada now owns 2,397,210 shares of the basic materials company's stock worth $695,287,000 after buying an additional 34,676 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Air Products and Chemicals by 159.2% during the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock worth $508,962,000 after buying an additional 1,059,970 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE:APD traded down $1.57 during trading on Monday, reaching $288.29. The stock had a trading volume of 199,404 shares, compared to its average volume of 1,255,462. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The business's 50-day moving average price is $291.70 and its 200 day moving average price is $284.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The stock has a market capitalization of $64.16 billion, a PE ratio of 41.46, a P/E/G ratio of 6.47 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the previous year, the company posted $3.20 EPS. Air Products and Chemicals'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. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's payout ratio is 103.02%.

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

Analyst Ratings Changes

APD has been the topic of several research analyst reports. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Citigroup lifted their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 price target for the company. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, UBS Group raised their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Air Products and Chemicals currently has a consensus rating of "Moderate Buy" and a consensus target price of $335.07.

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.