Hanson & Doremus Investment Management Reduces Position in Air Products and Chemicals, Inc. $APD

Key Points

• Hanson & Doremus Investment Management has reduced its position in Air Products and Chemicals, Inc. by 33.6%, now holding 3,897 shares valued at approximately $1.1 million.
• Air Products reported a quarterly EPS of $3.09, surpassing the consensus estimate by $0.10, with revenue also exceeding expectations at $3.02 billion.
• The company recently announced a quarterly dividend of $1.79, with a corresponding payout ratio of 103.02%, indicating robust returns for shareholders.

Hanson & Doremus Investment Management lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 33.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,897 shares of the basic materials company's stock after selling 1,971 shares during the period. Hanson & Doremus Investment Management's holdings in Air Products and Chemicals were worth $1,099,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Dodge & Cox boosted its holdings in Air Products and Chemicals by 31.5% in the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company's stock valued at $2,583,417,000 after purchasing an additional 2,096,568 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Air Products and Chemicals by 159.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock valued at $508,962,000 after purchasing an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Air Products and Chemicals by 110.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company's stock valued at $425,202,000 after purchasing an additional 756,780 shares during the last quarter. Electron Capital Partners LLC boosted its holdings in Air Products and Chemicals by 251.4% in the 1st quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company's stock valued at $91,917,000 after purchasing an additional 222,980 shares during the last quarter. Finally, Strs Ohio acquired a new position in Air Products and Chemicals in the 1st quarter valued at about $42,661,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Up 0.4%

Shares of NYSE APD opened at $266.74 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The firm has a 50-day moving average price of $289.88 and a 200 day moving average price of $282.40. The stock has a market capitalization 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.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.86% and a return on equity of 15.11%. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter last year, the business earned $3.20 earnings per share. The business's revenue for the quarter 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 fiscal year.

Air Products and Chemicals Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on APD shares. Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They issued an "outperform" rating and a $355.00 price objective on the stock. Mizuho upped their price objective on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. UBS Group upped their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Argus upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $335.07.

Insider Activity at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were 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 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 available at this link. 0.41% of the stock is owned by company insiders.

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.

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