Boston Family Office LLC Sells 1,556 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Boston Family Office LLC has reduced its stake in Air Products and Chemicals, Inc. by 1.8%, resulting in ownership of 84,805 shares valued at approximately $25 million.
• Air Products and Chemicals reported earnings of $3.09 per share for the last quarter, exceeding analysts' expectations, with a net revenue increase of 1.2% year over year.
• The company declared a quarterly dividend of $1.79 per share, with a total annualized dividend of $7.16, reflecting its payout ratio of 103.02%.

Boston Family Office LLC decreased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,805 shares of the basic materials company's stock after selling 1,556 shares during the quarter. Air Products and Chemicals accounts for about 1.8% of Boston Family Office LLC's investment portfolio, making the stock its 14th largest holding. Boston Family Office LLC's holdings in Air Products and Chemicals were worth $25,011,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of APD. Baker Avenue Asset Management LP lifted its holdings in shares of Air Products and Chemicals by 2.3% during the 4th quarter. Baker Avenue Asset Management LP now owns 1,540 shares of the basic materials company's stock valued at $447,000 after buying an additional 34 shares during the last quarter. West Branch Capital LLC raised its stake in shares of Air Products and Chemicals by 10.2% in the 1st quarter. West Branch Capital LLC now owns 421 shares of the basic materials company's stock valued at $124,000 after acquiring an additional 39 shares in the last quarter. Kathmere Capital Management LLC raised its stake in shares of Air Products and Chemicals by 2.6% in the 1st quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company's stock valued at $454,000 after acquiring an additional 39 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of Air Products and Chemicals by 1.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company's stock valued at $737,000 after acquiring an additional 40 shares in the last quarter. Finally, Stableford Capital II LLC raised its stake in shares of Air Products and Chemicals by 1.3% in the 1st quarter. Stableford Capital II LLC now owns 3,222 shares of the basic materials company's stock valued at $950,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on APD shares. Morgan Stanley assumed coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price objective on the stock. Mizuho lifted their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Wells Fargo & Company lifted their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, Citigroup lifted their price target on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research 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 given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus price target of $335.07.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock traded down $0.76 on Thursday, reaching $291.61. The company's stock had a trading volume of 239,183 shares, compared to its average volume of 1,299,845. The company has a market cap of $64.90 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 6.47 and a beta of 0.81. 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 debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The business's fifty day moving average price is $288.16 and its 200 day moving average price is $287.52.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.99 by $0.10. The company 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 firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. 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 Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. Air Products and Chemicals's payout ratio is presently 103.02%.

Insider Buying and Selling

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