Atria Wealth Solutions Inc. Sells 4,181 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Air Products and Chemicals by 24.5% during the first quarter, now holding 12,884 shares valued at $3.8 million.
• Analysts have shown confidence in Air Products and Chemicals, with firms like Mizuho and UBS Group raising their price targets to $325.00 and $344.00, respectively, while maintaining an "outperform" and "buy" rating.
• Air Products and Chemicals recently declared a quarterly dividend of $1.79 per share, translating to an annualized yield of 2.5%, with a payout ratio of 103.02%.

Atria Wealth Solutions Inc. lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 24.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,884 shares of the basic materials company's stock after selling 4,181 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Air Products and Chemicals were worth $3,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Empower Advisory Group LLC grew its stake in Air Products and Chemicals by 2.3% in the 1st quarter. Empower Advisory Group LLC now owns 443,797 shares of the basic materials company's stock valued at $130,885,000 after purchasing an additional 9,814 shares during the period. Tiller Private Wealth Inc. grew its stake in shares of Air Products and Chemicals by 19.9% during the 1st quarter. Tiller Private Wealth Inc. now owns 37,919 shares of the basic materials company's stock worth $11,183,000 after acquiring an additional 6,293 shares during the period. Silver Coast Investments LLC grew its stake in shares of Air Products and Chemicals by 6.9% during the 1st quarter. Silver Coast Investments LLC now owns 1,317 shares of the basic materials company's stock worth $388,000 after acquiring an additional 85 shares during the period. Haverford Financial Services Inc. grew its stake in shares of Air Products and Chemicals by 11.5% during the 1st quarter. Haverford Financial Services Inc. now owns 23,086 shares of the basic materials company's stock worth $6,809,000 after acquiring an additional 2,388 shares during the period. Finally, Allianz SE grew its stake in shares of Air Products and Chemicals by 189.1% during the 1st quarter. Allianz SE now owns 2,255 shares of the basic materials company's stock worth $665,000 after acquiring an additional 1,475 shares during the period. Institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on APD. Mizuho increased their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada began coverage on Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 price target for the company. UBS Group increased their price target 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. Finally, Wells Fargo & Company raised their target price 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average price target of $335.07.

Air Products and Chemicals Stock Performance

Shares of APD opened at $288.53 on Friday. The company has a market cap of $64.21 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 6.45 and a beta of 0.81. 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 50-day moving average price of $286.40 and a 200-day moving average price of $289.81. 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 issued its quarterly 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 the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $3.20 EPS. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is 103.02%.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction dated 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 owned 8,686 shares in the company, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company's stock.

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.

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