IFM Investors Pty Ltd Has $10.15 Million Stake in Air Products and Chemicals, Inc. $APD

Key Points

• IFM Investors Pty Ltd has increased its holdings in Air Products and Chemicals, Inc. by 9.0%, bringing their total to 34,405 shares valued at approximately $10.15 million.
• Air Products and Chemicals recently reported earnings per share (EPS) of $3.09 for the last quarter, exceeding the consensus estimate and showing a 1.2% year-over-year revenue growth.
• The company announced a quarterly dividend of $1.79 per share, reflecting a 2.5% dividend yield, with a significant payout ratio of 103.02%.

IFM Investors Pty Ltd raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 9.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,405 shares of the basic materials company's stock after buying an additional 2,842 shares during the period. IFM Investors Pty Ltd's holdings in Air Products and Chemicals were worth $10,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Belpointe Asset Management LLC raised its holdings in shares of Air Products and Chemicals by 0.7% during the 1st quarter. Belpointe Asset Management LLC now owns 8,574 shares of the basic materials company's stock valued at $2,529,000 after purchasing an additional 59 shares in the last quarter. Integrity Alliance LLC. bought a new position in shares of Air Products and Chemicals during the 1st quarter valued at $845,000. Ransom Advisory Ltd bought a new position in shares of Air Products and Chemicals during the 1st quarter valued at $37,000. SCS Capital Management LLC bought a new position in shares of Air Products and Chemicals during the 1st quarter valued at $647,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Air Products and Chemicals by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,257,524 shares of the basic materials company's stock valued at $370,869,000 after purchasing an additional 52,679 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded down $1.38 on Friday, hitting $293.14. 985,778 shares of the company were exchanged, compared to its average volume of 630,758. The company's 50 day moving average price is $291.89 and its two-hundred day moving average price is $284.51. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year 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 firm has a market capitalization of $65.24 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 6.57 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 (EPS) for the quarter, topping 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 company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the firm posted $3.20 EPS. The business's revenue 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. Research analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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 issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals's payout ratio is presently 103.02%.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the transaction, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

APD has been the topic of a number of recent research reports. UBS Group raised their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Mizuho raised their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Citigroup lifted their target price on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Morgan Stanley assumed 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 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $335.07.

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.