Air Products and Chemicals, Inc. $APD Stock Position Reduced by Amundi

Key Points

• Amundi has decreased its stake in Air Products and Chemicals by 7.9%, now holding approximately 0.53% of the company worth about $331 million.
• The firm announced a quarterly dividend of $1.79, translating to an annualized dividend of $7.16 and a dividend yield of 2.5%.
• Air Products and Chemicals reported earnings of $3.09 per share for its most recent quarter, beating analysts' expectations and indicating 1.2% revenue growth year-over-year.

Amundi cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,169,926 shares of the basic materials company's stock after selling 100,690 shares during the quarter. Amundi owned about 0.53% of Air Products and Chemicals worth $331,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. West Branch Capital LLC grew its holdings in Air Products and Chemicals by 10.2% during the first quarter. West Branch Capital LLC now owns 421 shares of the basic materials company's stock worth $124,000 after acquiring an additional 39 shares during the period. Kathmere Capital Management LLC grew its holdings in Air Products and Chemicals by 2.6% during 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 period. Connecticut Wealth Management LLC boosted its position in 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 purchasing an additional 39 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in Air Products and Chemicals by 1.6% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company's stock worth $737,000 after purchasing an additional 40 shares in the last quarter. Finally, Stableford Capital II LLC boosted its position in Air Products and Chemicals by 1.3% during the first quarter. Stableford Capital II LLC now owns 3,222 shares of the basic materials company's stock worth $950,000 after purchasing an additional 41 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Down 0.3%

NYSE:APD traded down $0.99 on Monday, hitting $288.87. 716,853 shares of the stock were exchanged, compared to its average volume of 1,258,636. The stock has a market cap of $64.29 billion, a PE ratio of 41.56, a PEG ratio of 6.47 and a beta of 0.82. 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 stock has a fifty day moving average of $291.70 and a 200-day moving average of $284.89. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week 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. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the firm earned $3.20 earnings per share. The company's revenue for the quarter 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, equities analysts expect 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 firm also recently declared 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 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals's dividend payout ratio is currently 103.02%.

Insider Buying and Selling

In related news, VP Victoria Brifo sold 1,359 shares of the 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 transaction, the vice president owned 8,686 shares of the company's stock, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on APD shares. Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. UBS Group boosted their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research report on Friday, June 13th. They issued an "outperform" rating and a $355.00 price objective on the stock. Mizuho upped their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley initiated coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price objective on the stock. 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's stock. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average target price of $335.07.

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.