Air Products and Chemicals, Inc. $APD Stock Holdings Lifted by Norden Group LLC

Key Points

• Norden Group LLC increased its holdings in Air Products and Chemicals by 167.3% during the 2nd quarter, owning 5,800 shares valued at approximately $1.64 million.
• Air Products reported earnings of $3.09 per share for the last quarter, beating expectations of $2.99 and showing a revenue increase to $3.02 billion.
• The company recently announced a quarterly dividend of $1.79 per share, set to be paid on November 10th, reflecting a 2.6% dividend yield.

Norden Group LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 167.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,800 shares of the basic materials company's stock after acquiring an additional 3,630 shares during the period. Norden Group LLC's holdings in Air Products and Chemicals were worth $1,636,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in APD. Wayfinding Financial LLC purchased a new position in shares of Air Products and Chemicals in the first quarter worth approximately $25,000. Saudi Central Bank purchased a new position in shares of Air Products and Chemicals in the first quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Air Products and Chemicals during the first quarter worth approximately $27,000. Citizens National Bank Trust Department boosted its holdings in shares of Air Products and Chemicals by 833.3% during the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after purchasing an additional 100 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Air Products and Chemicals during the first quarter worth approximately $37,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

NYSE APD opened at $271.95 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $60.52 billion, a PE ratio of 39.13, a price-to-earnings-growth ratio of 6.17 and a beta of 0.82. The company has a 50 day moving average price of $291.01 and a two-hundred day moving average price of $283.03. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion during 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%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company 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, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's payout ratio is presently 103.02%.

Insider Buying and Selling at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the business'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 sale, the vice president directly owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Argus upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday, September 12th. Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They set an "outperform" rating and a $355.00 price target for the company. Morgan Stanley assumed coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price target for the company. Citigroup raised their price target 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, Mizuho raised their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently 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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