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

Key Points

• Greenleaf Trust has reduced its stake in Air Products and Chemicals by 16.9%, now holding 13,967 shares valued at $3.94 million.
• The company reported earnings per share of $3.09 for the last quarter, exceeding estimates of $2.99, alongside revenues of $3.02 billion.
• Air Products has announced a $1.79 quarterly dividend, set to be paid on November 10, representing an annual yield of 2.6%.

Greenleaf Trust decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 16.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,967 shares of the basic materials company's stock after selling 2,850 shares during the quarter. Greenleaf Trust's holdings in Air Products and Chemicals were worth $3,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Hamilton Capital LLC grew its position in Air Products and Chemicals by 1.5% during the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company's stock valued at $765,000 after purchasing an additional 38 shares in the last quarter. DB Fitzpatrick & Co Inc boosted its stake in shares of Air Products and Chemicals by 1.0% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company's stock valued at $1,089,000 after buying an additional 38 shares during the period. West Branch Capital LLC grew its holdings in shares of Air Products and Chemicals by 10.2% during the 1st quarter. West Branch Capital LLC now owns 421 shares of the basic materials company's stock valued at $124,000 after acquiring an additional 39 shares in the last quarter. Kathmere Capital Management LLC increased its stake in shares of Air Products and Chemicals by 2.6% in the first quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company's stock worth $454,000 after acquiring an additional 39 shares during the last quarter. Finally, Connecticut Wealth Management LLC raised its holdings in shares of Air Products and Chemicals by 1.7% during the first quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company's stock worth $703,000 after acquiring an additional 39 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 1.3%

Shares of NYSE:APD opened at $270.21 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The stock's 50-day moving average is $289.41 and its 200-day moving average is $282.25. The company has a market cap of $60.14 billion, a P/E ratio of 38.88, a P/E/G ratio of 5.95 and a beta of 0.82. 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 posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion during 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 firm's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous 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 predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed 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 2.6%. Air Products and Chemicals's dividend payout ratio (DPR) is presently 103.02%.

Insider Transactions at Air Products and Chemicals

In related 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 transaction of $397,344.42. Following the completion of the transaction, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. This represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on APD. Citigroup boosted their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Royal Bank Of Canada began coverage on Air Products and Chemicals in a report on Friday, June 13th. They issued an "outperform" rating and a $355.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of 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. Wall Street Zen raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, UBS Group raised 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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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