Air Products and Chemicals, Inc. $APD Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in Air Products and Chemicals by 2.2%, holding 238,101 shares valued at approximately $70.22 million after selling 5,404 shares during the first quarter.
• Air Products and Chemicals recently reported quarterly earnings of $3.09 per share, exceeding analysts' expectations of $2.99, and its revenue reached $3.02 billion, surpassing the forecast of $2.95 billion.
• The company announced a quarterly dividend of $1.79, to be paid on November 10th, with an annualized yield of 2.5% and a dividend payout ratio of 103.02%.

Alliancebernstein L.P. lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 238,101 shares of the basic materials company's stock after selling 5,404 shares during the quarter. Alliancebernstein L.P. owned 0.11% of Air Products and Chemicals worth $70,221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Air Products and Chemicals in the first quarter worth about $25,000. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals in the first quarter worth about $26,000. Cheviot Value Management LLC acquired a new position in shares of Air Products and Chemicals in the first quarter worth about $27,000. Citizens National Bank Trust Department lifted 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 worth $33,000 after acquiring an additional 100 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in shares of Air Products and Chemicals in the first quarter worth about $39,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Buying and Selling

In related news, VP Victoria Brifo sold 1,359 shares of the firm'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 directly owned 8,686 shares in the company, 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 available through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Stock Down 0.1%

Shares of Air Products and Chemicals stock opened at $289.70 on Friday. 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 business's 50 day simple moving average is $291.70 and its 200-day simple moving average is $285.09. The stock has a market capitalization of $64.47 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 6.47 and a beta of 0.82. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $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. 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 firm also recently announced 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 dividend payout ratio (DPR) is currently 103.02%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Mizuho boosted their price target 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. Morgan Stanley initiated coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price target on the stock. Wells Fargo & Company upped their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 price objective on the stock. Finally, UBS Group upped their price objective on Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $335.07.

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.

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