Blue Trust Inc. Has $932,000 Stock Position in Air Products and Chemicals, Inc. $APD

Key Points

• Blue Trust Inc. increased its stake in Air Products and Chemicals, inc. by 46.3%, resulting in a total investment valued at $932,000 after purchasing 1,045 additional shares.
• The company reported a quarterly earnings per share of $3.09, exceeding the consensus estimate of $2.99, alongside a revenue of $3.02 billion for the quarter.
• A quarterly dividend of $1.79 per share is set to be paid on November 10th, reflecting an annualized yield of 2.8%.

Blue Trust Inc. boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 46.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,304 shares of the basic materials company's stock after purchasing an additional 1,045 shares during the period. Blue Trust Inc.'s holdings in Air Products and Chemicals were worth $932,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of APD. Wayfinding Financial LLC acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $27,000. Citizens National Bank Trust Department boosted its position in Air Products and Chemicals by 833.3% during the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $37,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the firm's 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 transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $257.28 on Friday. The stock has a market cap of $57.26 billion, a P/E ratio of 37.02, a PEG ratio of 5.33 and a beta of 0.83. The stock has a 50 day simple moving average of $284.80 and a 200 day simple moving average of $280.74. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The business 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 firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $3.20 EPS. 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. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is 103.02%.

Analyst Ratings Changes

A number of research firms have recently issued reports on APD. Argus raised Air Products and Chemicals from a "hold" rating to a "buy" rating in a research report on Friday, September 12th. UBS Group cut their price objective on Air Products and Chemicals from $354.00 to $350.00 and set a "buy" rating for the company in a research report on Monday, October 6th. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research report on Wednesday, October 1st. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Air Products and Chemicals in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $330.00.

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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