Air Products and Chemicals, Inc. $APD Shares Sold by Eastern Bank

Key Points

• Eastern Bank reduced its stake in Air Products and Chemicals by 3.1%, now holding 66,742 shares valued at approximately $18.8 million.
• Several institutional investors, including Blue Zone Wealth Advisors and Blue Trust Inc., increased their positions in Air Products and Chemicals during the second quarter, with 81.66% of the stock currently owned by such investors.
• Air Products and Chemicals announced a quarterly dividend of $1.79 to be paid on November 10, reflecting an annualized dividend yield of 2.8%.

Eastern Bank trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,742 shares of the basic materials company's stock after selling 2,154 shares during the quarter. Eastern Bank's holdings in Air Products and Chemicals were worth $18,825,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Blue Zone Wealth Advisors LLC grew its holdings in Air Products and Chemicals by 3.2% in the second quarter. Blue Zone Wealth Advisors LLC now owns 17,715 shares of the basic materials company's stock valued at $4,997,000 after purchasing an additional 549 shares during the period. Blue Trust Inc. grew its holdings in Air Products and Chemicals by 46.3% in the second quarter. Blue Trust Inc. now owns 3,304 shares of the basic materials company's stock valued at $932,000 after purchasing an additional 1,045 shares during the period. Total Wealth Planning & Management Inc. grew its holdings in Air Products and Chemicals by 23.1% in the second quarter. Total Wealth Planning & Management Inc. now owns 1,421 shares of the basic materials company's stock valued at $401,000 after purchasing an additional 267 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in Air Products and Chemicals by 6.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 4,109 shares of the basic materials company's stock valued at $1,159,000 after purchasing an additional 253 shares during the period. Finally, Stonebridge Financial Group LLC grew its holdings in Air Products and Chemicals by 4.9% in the second quarter. Stonebridge Financial Group LLC now owns 13,907 shares of the basic materials company's stock valued at $3,923,000 after purchasing an additional 645 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on APD shares. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Mizuho boosted their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Air Products and Chemicals in a research note on Wednesday. Wells Fargo & Company boosted their price objective 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, 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. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $330.00.

Air Products and Chemicals Price Performance

APD opened at $257.28 on Friday. The company has a market cap of $57.26 billion, a P/E ratio of 37.02, a P/E/G ratio of 5.45 and a beta of 0.83. The company has a 50 day moving average of $284.80 and a two-hundred day moving average of $280.83. 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 52-week low of $243.69 and a 52-week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.20 earnings per share. 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. On average, analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company 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 $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.8%. Air Products and Chemicals's dividend payout ratio is 103.02%.

Insider Buying and Selling at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction 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 directly owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company's stock.

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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