Callan Family Office LLC Purchases 18,648 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Callan Family Office LLC has increased its stake in Air Products and Chemicals by 141.5%, purchasing 18,648 additional shares for a total of 31,830 shares valued at approximately $8.98 million.
• Insider trading activity showed that Victoria Brifo, VP of the company, sold 1,359 shares, resulting in a 13.53% decrease in her position.
• Analysts have given a consensus rating of "Moderate Buy" for the stock, with a projected average price target of $330.00, following various rating changes from organizations like Goldman Sachs and UBS Group.

Callan Family Office LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 141.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,830 shares of the basic materials company's stock after purchasing an additional 18,648 shares during the period. Callan Family Office LLC's holdings in Air Products and Chemicals were worth $8,978,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in shares of Air Products and Chemicals in the 1st quarter worth $25,000. Saudi Central Bank bought a new position in Air Products and Chemicals during the 1st quarter valued at $26,000. Cheviot Value Management LLC bought a new position in Air Products and Chemicals during the 1st quarter valued at $27,000. Citizens National Bank Trust Department lifted its stake in Air Products and Chemicals by 833.3% during the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in Air Products and Chemicals during the 1st quarter valued at $37,000. 81.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 value of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares of the company's stock, 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 hyperlink. Company insiders own 0.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of Air Products and Chemicals in a research note on Wednesday. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research note on Wednesday, October 1st. 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 assumed coverage on Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 price objective on the stock. Finally, UBS Group dropped their price objective on Air Products and Chemicals from $354.00 to $350.00 and set a "buy" rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $330.00.

Air Products and Chemicals Trading Down 2.3%

Shares of Air Products and Chemicals stock opened at $262.30 on Friday. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The firm has a market cap of $58.38 billion, a PE ratio of 37.74, a P/E/G ratio of 5.59 and a beta of 0.83. The stock has a fifty day moving average price of $285.29 and a 200-day moving average price of $281.09. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

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, 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 analyst estimates of $2.95 billion. During the same period last year, the firm posted $3.20 EPS. The business's revenue was up 1.2% compared to the same quarter last year. 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 research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.7%. Air Products and Chemicals's dividend payout ratio (DPR) is 103.02%.

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.

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