Centurion Wealth Management LLC Acquires New Position in Air Products and Chemicals, Inc. $APD

Key Points

• Centurion Wealth Management LLC acquired 1,324 shares of Air Products and Chemicals, Inc., valued at approximately $373,000, during the second quarter.
• Analysts forecast growth for Air Products and Chemicals, with UBS Group raising their price target to $344.00 and multiple firms upgrading the stock's rating.
• The company recently announced a quarterly dividend of $1.79 per share, with an annualized yield of 2.4%.

Centurion Wealth Management LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,324 shares of the basic materials company's stock, valued at approximately $373,000.

Other large investors have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in Air Products and Chemicals in the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new position in Air Products and Chemicals in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in Air Products and Chemicals in the 1st quarter worth approximately $27,000. Citizens National Bank Trust Department increased its stake in Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after purchasing an additional 100 shares during the period. Finally, Ransom Advisory Ltd purchased a new position in Air Products and Chemicals in the 1st quarter worth approximately $37,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on APD shares. UBS Group raised their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Argus raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a research note on Friday. Wall Street Zen raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Finally, Royal Bank Of Canada started coverage on Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Air Products and Chemicals currently has an average rating of "Moderate Buy" and an average target price of $335.07.

Insider Buying and Selling

In other Air Products and Chemicals 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 $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.41% of the company's stock.

Air Products and Chemicals Stock Down 0.5%

Air Products and Chemicals stock opened at $293.14 on Monday. The stock has a market cap of $65.24 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 6.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The stock has a fifty day moving average of $291.89 and a 200 day moving average of $284.10.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. The company 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%.Air Products and Chemicals's revenue for the quarter was up 1.2% compared to the same quarter last year. 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, sell-side analysts predict 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 given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is 103.02%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.