Air Products and Chemicals, Inc. $APD Stake Lessened by Glenview Trust co

Key Points

• Glenview Trust reduced its stake in Air Products and Chemicals, Inc. by 13% in the first quarter, ending with 5,960 shares valued at approximately $1.76 million.
• Air Products reported Q2 earnings of $3.09 per share, exceeding estimates, and projected FY 2025 earnings between $11.90 and $12.10 per share.
• The company declared a quarterly dividend of $1.79 per share, resulting in an annualized yield of 2.5% with a payout ratio of 103.02%.

Glenview Trust co lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 13.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,960 shares of the basic materials company's stock after selling 890 shares during the quarter. Glenview Trust co's holdings in Air Products and Chemicals were worth $1,758,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its holdings in Air Products and Chemicals by 20.9% in the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock worth $473,000 after purchasing an additional 277 shares during the period. GAMMA Investing LLC boosted its holdings in Air Products and Chemicals by 8.0% in the first quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company's stock worth $1,250,000 after purchasing an additional 314 shares during the period. Croban acquired a new position in Air Products and Chemicals in the first quarter worth $996,000. Electron Capital Partners LLC boosted its holdings in Air Products and Chemicals by 251.4% in the first quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company's stock worth $91,917,000 after purchasing an additional 222,980 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Air Products and Chemicals by 227.7% during the fourth quarter. Mackenzie Financial Corp now owns 85,091 shares of the basic materials company's stock valued at $24,680,000 after acquiring an additional 59,123 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $287.23 on Thursday. 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 price is $291.81 and its two-hundred day moving average price is $284.78. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The stock has a market cap of $63.92 billion, a PE ratio of 41.33, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. 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 presently 103.02%.

Wall Street Analyst Weigh In

APD has been the subject of several analyst reports. UBS Group boosted their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Citigroup upped 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 report on Monday, June 30th. Finally, Morgan Stanley began coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $335.07.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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