IFM Investors Pty Ltd Purchases 2,541 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• IFM Investors Pty Ltd increased its position in Air Products and Chemicals by 7.4% during Q2, owning 36,946 shares valued at approximately $10.42 million.
• Air Products reported earnings of $3.09 per share for the last quarter, exceeding estimates, with a net margin of 12.86% and revenue of $3.02 billion.
• The company declared a quarterly dividend of $1.79, reflecting a 2.5% yield, with a payout ratio of 103.02%.

IFM Investors Pty Ltd lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,946 shares of the basic materials company's stock after acquiring an additional 2,541 shares during the period. IFM Investors Pty Ltd's holdings in Air Products and Chemicals were worth $10,421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in APD. Dodge & Cox lifted its holdings in shares of Air Products and Chemicals by 31.5% in the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company's stock worth $2,583,417,000 after acquiring an additional 2,096,568 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Air Products and Chemicals by 1.4% in the 1st quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company's stock valued at $913,154,000 after purchasing an additional 43,695 shares during the last quarter. Principal Financial Group Inc. lifted its stake 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. lifted its stake in shares of 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 acquiring an additional 756,780 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Air Products and Chemicals by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company's stock valued at $385,698,000 after acquiring an additional 19,237 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Insiders Place Their Bets

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 value of $397,344.42. Following the completion of the sale, the vice president directly owned 8,686 shares of the company's stock, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on APD shares. UBS Group increased their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley initiated coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price objective for the company. Royal Bank Of Canada began 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 for the company. Wells Fargo & Company raised their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, Citigroup raised their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. One equities 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 issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $335.07.

Air Products and Chemicals Trading Down 0.7%

Shares of APD stock traded down $2.17 during mid-day trading on Monday, hitting $287.98. The company's stock had a trading volume of 470,089 shares, compared to its average volume of 1,233,571. The company's fifty day simple moving average is $291.62 and its 200-day simple moving average is $283.36. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The company has a market cap of $64.09 billion, a PE ratio of 41.44, a P/E/G ratio of 6.47 and a beta of 0.82.

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 earnings per share for the quarter, topping 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 return on equity of 15.11% and a net margin of 12.86%.The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $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. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders 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 2.5%. Air Products and Chemicals's payout ratio is currently 103.02%.

Air Products and Chemicals 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.