MAI Capital Management Decreases Stake in Air Products and Chemicals, Inc. $APD

Key Points

• MAI Capital Management reduced its stake in Air Products and Chemicals, Inc. by 18.3% during the 1st quarter, now holding 30,607 shares valued at approximately $9 million.
• Air Products recently reported a quarterly earnings per share (EPS) of $3.09, exceeding analysts' expectations, and set its FY 2025 guidance at 11.900-12.100 EPS.
• The company announced a quarterly dividend of $1.79, with an ex-dividend date of October 1st, representing an annual yield of 2.4%.

MAI Capital Management trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 18.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,607 shares of the basic materials company's stock after selling 6,878 shares during the quarter. MAI Capital Management's holdings in Air Products and Chemicals were worth $9,027,000 at the end of the most recent reporting period.

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 during the first quarter worth approximately $25,000. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $27,000. Citizens National Bank Trust Department raised its position in Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after buying an additional 100 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Air Products and Chemicals by 525.9% in the 4th quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company's stock valued at $49,000 after buying an additional 142 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares of the company's stock, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a legal 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 equities research analysts recently commented on the company. UBS Group increased their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research report on Friday, June 13th. They issued an "outperform" rating and a $355.00 price target for the company. Wells Fargo & Company increased their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Finally, Citigroup increased their price target on Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a research report on Monday, June 30th. One 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $335.07.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded down $0.27 during trading hours on Friday, hitting $289.70. 544,532 shares of the company's stock traded hands, compared to its average volume of 752,737. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14. 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. The company has a fifty day simple moving average of $291.70 and a 200-day simple moving average of $285.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

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 (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the firm posted $3.20 EPS. The business's 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. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal 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. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.5%. Air Products and Chemicals's dividend payout ratio (DPR) is 103.02%.

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.