Banque Transatlantique SA Acquires 9,405 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Banque Transatlantique SA increased its holdings in Air Products and Chemicals, Inc. by 166.6%, acquiring a total of 15,049 shares valued at approximately $4.1 million.
• Air Products and Chemicals has received several upgrades from analysts, with price targets rising to as high as $345.00, reflecting a positive outlook for the stock.
• The company recently declared a quarterly dividend of $1.79 per share, contributing to a 2.5% dividend yield for investors.

Banque Transatlantique SA boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 166.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,049 shares of the basic materials company's stock after buying an additional 9,405 shares during the period. Banque Transatlantique SA's holdings in Air Products and Chemicals were worth $4,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. Ritholtz Wealth Management increased its holdings in shares of Air Products and Chemicals by 20.9% in the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock valued at $473,000 after purchasing an additional 277 shares during the period. Mantle Ridge LP acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $1,191,344,000. GAMMA Investing LLC increased its holdings in shares of Air Products and Chemicals by 8.0% in the 1st quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company's stock valued at $1,250,000 after purchasing an additional 314 shares during the period. Focus Partners Wealth increased its holdings in shares of Air Products and Chemicals by 4.1% in the 4th quarter. Focus Partners Wealth now owns 62,981 shares of the basic materials company's stock valued at $18,267,000 after purchasing an additional 2,453 shares during the period. Finally, Croban acquired a new position in shares of Air Products and Chemicals in the 1st quarter valued at about $996,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction that occurred 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 owned 8,686 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by insiders.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded down $0.27 during trading hours on Friday, reaching $289.70. 544,532 shares of the company were exchanged, compared to its average volume of 752,737. The firm has a market cap of $64.47 billion, a price-to-earnings ratio of 41.68, 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 50-day moving average of $291.70 and a 200 day moving average of $285.09. 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 announced its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping 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 return on equity of 15.11% and a net margin of 12.86%.The company's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business 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, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business 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 dividend payout ratio is presently 103.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Air Products and Chemicals in a report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 target price on the stock. Royal Bank Of Canada started coverage on Air Products and Chemicals in a report on Friday, June 13th. They issued an "outperform" rating and a $355.00 target price on the stock. Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Mizuho increased their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Citigroup increased their price objective on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals presently has an average rating of "Moderate Buy" and an average price target of $335.07.

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.