Air Products and Chemicals, Inc. $APD Shares Acquired by Chapin Davis Inc.

Key Points

• Chapin Davis Inc. increased its stake in Air Products and Chemicals by 16.1%, acquiring an additional 1,551 shares, bringing their total holdings to 11,157 shares valued at approximately $3.15 million.
• Recent analyst upgrades for Air Products and Chemicals included a price target increase from $310 to $325 by Mizuho, and a new target of $355 from Royal Bank of Canada.
• The company announced a quarterly dividend of $1.79 per share, with an annualized payout of $7.16, reflecting a dividend yield of 2.5%.

Chapin Davis Inc. raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,157 shares of the basic materials company's stock after acquiring an additional 1,551 shares during the period. Chapin Davis Inc.'s holdings in Air Products and Chemicals were worth $3,147,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Wayfinding Financial LLC purchased a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $27,000. Citizens National Bank Trust Department boosted its stake in shares of 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 purchasing an additional 100 shares during the period. Finally, Ransom Advisory Ltd purchased a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $37,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Air Products and Chemicals

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 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on APD shares. Mizuho lifted their price target 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. Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 price target for the company. UBS Group lifted 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. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Citigroup boosted their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $335.07.

Air Products and Chemicals Price Performance

NYSE:APD opened at $290.46 on Monday. The firm has a market cap of $64.64 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 6.47 and a beta of 0.82. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The company's 50-day moving average is $291.62 and its two-hundred day moving average is $283.36. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14.

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 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 quarter in the prior year, the company posted $3.20 EPS. The company's quarterly revenue 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. Research analysts expect 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 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is 103.02%.

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.

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