Atria Wealth Solutions Inc. Sells 4,030 Shares of Air Products and Chemicals, Inc. $APD

Atria Wealth Solutions Inc. lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 31.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,854 shares of the basic materials company's stock after selling 4,030 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Air Products and Chemicals were worth $2,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in Air Products and Chemicals in the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new stake in Air Products and Chemicals in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new stake in Air Products and Chemicals in the 1st quarter worth approximately $27,000. Financial Connections Group Inc. lifted its holdings in Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company's stock worth $31,000 after buying an additional 35 shares during the period. Finally, Citizens National Bank Trust Department lifted its holdings in Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research note on Wednesday, October 1st. Mizuho raised their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. UBS Group lowered their target price on Air Products and Chemicals from $354.00 to $350.00 and set a "buy" rating for the company in a research note on Monday, October 6th. Citigroup lowered their target price on Air Products and Chemicals from $325.00 to $308.00 and set a "buy" rating for the company in a research note on Monday, October 6th. Finally, Argus upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of "Moderate Buy" and an average price target of $330.00.

Insider Activity at Air Products and Chemicals

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

Air Products and Chemicals Stock Up 0.4%

APD stock opened at $261.79 on Wednesday. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month 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 cap of $58.26 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 5.41 and a beta of 0.83. The business has a 50 day moving average of $283.66 and a 200 day moving average of $280.28.

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, 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 analyst estimates of $2.95 billion. During the same quarter last year, the company earned $3.20 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. 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. On average, research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders 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 dividend yield of 2.7%. Air Products and Chemicals's dividend payout ratio (DPR) is presently 103.02%.

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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