Fort Washington Investment Advisors Inc. OH Purchases 2,055 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Fort Washington Investment Advisors Inc. OH increased its holdings in Air Products and Chemicals, owning 135,333 shares worth $38.17 million after purchasing an additional 2,055 shares.
• Insider activity included VP Victoria Brifo selling 1,359 shares at an average price of $292.38, decreasing her position by 13.53%.
• Air Products and Chemicals reported a quarterly revenue of $3.02 billion, beating analyst expectations, and declared a dividend of $1.79 per share, with a 2.7% yield.

Fort Washington Investment Advisors Inc. OH grew its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135,333 shares of the basic materials company's stock after buying an additional 2,055 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.06% of Air Products and Chemicals worth $38,172,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Guyasuta Investment Advisors Inc. boosted its holdings in shares of Air Products and Chemicals by 6.1% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 3,501 shares of the basic materials company's stock valued at $987,000 after buying an additional 200 shares in the last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of Air Products and Chemicals by 8.3% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,606 shares of the basic materials company's stock valued at $735,000 after buying an additional 199 shares in the last quarter. ORG Partners LLC boosted its stake in Air Products and Chemicals by 24.5% in the 2nd quarter. ORG Partners LLC now owns 890 shares of the basic materials company's stock worth $251,000 after purchasing an additional 175 shares in the last quarter. NovaPoint Capital LLC boosted its stake in Air Products and Chemicals by 7.3% in the 2nd quarter. NovaPoint Capital LLC now owns 13,209 shares of the basic materials company's stock worth $3,726,000 after purchasing an additional 902 shares in the last quarter. Finally, Cove Private Wealth LLC acquired a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $256,000. 81.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, the vice president owned 8,686 shares of the company's stock, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company's stock.

Air Products and Chemicals Price Performance

NYSE:APD opened at $266.74 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The firm has a market cap of $59.36 billion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 5.95 and a beta of 0.82. The company has a 50 day moving average price of $289.88 and a 200-day moving average price of $282.47. 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 posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 EPS. 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 forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals's payout ratio is presently 103.02%.

Analyst Ratings Changes

A number of analysts recently commented on APD shares. Argus upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a research note on Friday, September 12th. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho lifted their price objective 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. Wells Fargo & Company lifted 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. Finally, UBS Group lifted their price objective 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. One research 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 company. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of "Moderate Buy" and a consensus 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.

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