1,000 Shares in Air Products and Chemicals, Inc. $APD Purchased by CTC Alternative Strategies Ltd.

Key Points

• CTC Alternative Strategies Ltd. has acquired a new stake in Air Products and Chemicals, purchasing 1,000 shares valued at approximately $295,000.
• Analysts have raised their price targets for Air Products and Chemicals, with UBS Group increasing its target from $328 to $344 and Wells Fargo raising theirs to $345.
• The company recently announced a quarterly dividend of $1.79 per share, representing a dividend yield of 2.5%, with an ex-dividend date set for October 1st.

CTC Alternative Strategies Ltd. bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the basic materials company's stock, valued at approximately $295,000.

Several other large investors have also modified their holdings of the business. Ashton Thomas Private Wealth LLC lifted its stake in Air Products and Chemicals by 8.2% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 3,064 shares of the basic materials company's stock worth $904,000 after acquiring an additional 233 shares in the last quarter. Resources Management Corp CT ADV increased its holdings in shares of Air Products and Chemicals by 4.0% in the 1st quarter. Resources Management Corp CT ADV now owns 13,927 shares of the basic materials company's stock valued at $4,107,000 after acquiring an additional 531 shares during the period. UniSuper Management Pty Ltd increased its stake in shares of Air Products and Chemicals by 6.1% during the first quarter. UniSuper Management Pty Ltd now owns 16,940 shares of the basic materials company's stock worth $4,996,000 after acquiring an additional 971 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of Air Products and Chemicals by 1.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 27,891 shares of the basic materials company's stock worth $8,226,000 after purchasing an additional 439 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Air Products and Chemicals by 3.1% in the 1st quarter. NewEdge Advisors LLC now owns 50,142 shares of the basic materials company's stock worth $14,788,000 after acquiring an additional 1,517 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Buying and Selling

In other 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on APD shares. Citigroup increased their price target 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. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada initiated 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. UBS Group raised their price target on shares of 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. Finally, Mizuho raised their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock 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 issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $335.07.

Air Products and Chemicals Stock Down 0.5%

APD stock traded down $1.38 during trading on Friday, reaching $293.14. The stock had a trading volume of 794,433 shares, compared to its average volume of 1,244,474. The company has a market capitalization of $65.24 billion, a P/E ratio of 42.18, a PEG ratio of 6.41 and a beta of 0.82. The firm has a fifty day moving average price of $291.87 and a 200 day moving average price of $284.67. 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 issued its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the business 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. On average, equities 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 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 1st. 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.