Albar Capital Partners LLP Sells 60,839 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Albar Capital Partners LLP reduced its stake in Air Products and Chemicals by 47.2%, selling 60,839 shares and now holding 68,178 shares after the transaction.
• Air Products and Chemicals is experiencing significant interest from institutional investors, with 81.66% of stock currently owned by them, including new positions from firms like Wayfinding Financial LLC and Cheviot Value Management LLC.
• The company has announced a $1.79 quarterly dividend, with a dividend yield of 2.4%, to be paid on November 10th to stockholders of record by October 1st.

Albar Capital Partners LLP reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 47.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,178 shares of the basic materials company's stock after selling 60,839 shares during the quarter. Air Products and Chemicals accounts for 9.1% of Albar Capital Partners LLP's portfolio, making the stock its 3rd biggest holding. Albar Capital Partners LLP's holdings in Air Products and Chemicals were worth $20,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wayfinding Financial LLC bought a new position in Air Products and Chemicals in the first quarter valued at about $25,000. Cheviot Value Management LLC bought a new position in Air Products and Chemicals in the first quarter valued at about $27,000. Citizens National Bank Trust Department lifted its holdings in Air Products and Chemicals by 833.3% in the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 100 shares during the period. Sunbelt Securities Inc. lifted its holdings in Air Products and Chemicals by 525.9% in the fourth quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 142 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Air Products and Chemicals by 3,560.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 183 shares of the basic materials company's stock valued at $54,000 after acquiring an additional 178 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Trading Down 0.7%

APD traded down $1.99 during trading hours on Tuesday, reaching $292.12. 868,388 shares of the company's stock traded hands, compared to its average volume of 1,274,209. The firm has a 50-day moving average price of $291.02 and a 200 day moving average price of $285.60. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. 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 firm has a market capitalization of $65.01 billion, a PE ratio of 42.03, a PEG ratio of 6.56 and a beta of 0.82.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the previous year, the business earned $3.20 EPS. Air Products and Chemicals'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. As a group, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals's payout ratio is 103.02%.

Analysts Set New Price Targets

Several research analysts have recently commented on APD shares. UBS Group raised their price objective on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Citigroup raised their price objective on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Royal Bank Of Canada started coverage on Air Products and Chemicals in a research note 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 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, Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $335.07.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the sale, the vice president directly owned 8,686 shares of the company's stock, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Air Products and Chemicals Company 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.