Brendel Financial Advisors LLC Has $366,000 Stock Position in Air Products and Chemicals, Inc. $APD

Key Points

• Brendel Financial Advisors LLC significantly reduced its stake in Air Products and Chemicals by 89.4%, now owning only 1,299 shares valued at approximately $366,000.
• Air Products and Chemicals recently announced a quarterly dividend of $1.79 per share, with a dividend yield of 2.5%, scheduled for payment on November 10th.
• Analysts have a consensus rating of "Moderate Buy" on Air Products and Chemicals, with a consensus price target of $335.07, reflecting positive growth forecasts for the company.

Brendel Financial Advisors LLC trimmed its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 89.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,299 shares of the basic materials company's stock after selling 11,008 shares during the quarter. Brendel Financial Advisors LLC's holdings in Air Products and Chemicals were worth $366,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after buying an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $245,000. Man Group plc grew its stake in shares of Air Products and Chemicals by 3.4% in the 4th quarter. Man Group plc now owns 2,174 shares of the basic materials company's stock worth $631,000 after purchasing an additional 71 shares during the last quarter. Vident Advisory LLC increased its position in shares of Air Products and Chemicals by 24.4% in the fourth quarter. Vident Advisory LLC now owns 5,245 shares of the basic materials company's stock worth $1,521,000 after acquiring an additional 1,029 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $3,872,000. 81.66% of the stock is currently owned by institutional investors.

Insider Activity at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the sale, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.

Air Products and Chemicals Stock Performance

APD stock traded down $1.99 during trading on Friday, reaching $290.46. 1,374,420 shares of the stock were exchanged, compared to its average volume of 653,027. 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 current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $64.64 billion, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 6.47 and a beta of 0.82. The stock has a 50 day simple moving average of $291.62 and a 200-day simple moving average of $283.55.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the prior year, the firm posted $3.20 EPS. The company'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. As a group, sell-side 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. Investors of record on Wednesday, October 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend 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%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APD. Citigroup boosted their price objective on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Royal Bank Of Canada began coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 price objective on the stock. UBS Group lifted their target price on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Mizuho lifted their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $335.07.

About Air Products and Chemicals

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.