Integrated Wealth Concepts LLC Cuts Position in Air Products and Chemicals, Inc. $APD

Key Points

• Integrated Wealth Concepts LLC reduced its stake in Air Products and Chemicals by 31.1% during the first quarter, owning 3,350 shares worth approximately $988,000 after selling 1,509 shares.
• Wall Street analysts have mixed sentiments on APD, with Wells Fargo raising its target price from $320 to $345 and several firms providing ratings ranging from "Strong Buy" to "Sell."
• Air Products and Chemicals recently announced a quarterly dividend of $1.79 per share, with a current yield of 2.4%, scheduled for payment on November 10th.

Integrated Wealth Concepts LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 31.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,350 shares of the basic materials company's stock after selling 1,509 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Air Products and Chemicals were worth $988,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. West Branch Capital LLC raised its holdings in shares of Air Products and Chemicals by 10.2% in the 1st quarter. West Branch Capital LLC now owns 421 shares of the basic materials company's stock worth $124,000 after purchasing an additional 39 shares during the period. Kathmere Capital Management LLC raised its holdings in shares of Air Products and Chemicals by 2.6% in the 1st quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company's stock worth $454,000 after purchasing an additional 39 shares during the period. Connecticut Wealth Management LLC raised its holdings in shares of Air Products and Chemicals by 1.7% in the 1st quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company's stock worth $703,000 after purchasing an additional 39 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in shares of Air Products and Chemicals by 1.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company's stock worth $737,000 after purchasing an additional 40 shares during the period. Finally, Stableford Capital II LLC raised its holdings in shares of Air Products and Chemicals by 1.3% in the 1st quarter. Stableford Capital II LLC now owns 3,222 shares of the basic materials company's stock worth $950,000 after purchasing an additional 41 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on APD shares. Wells Fargo & Company increased their target price on 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. Morgan Stanley started coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 target price for the company. Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada started coverage on Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 target price for the company. Finally, Mizuho increased their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average target price of $335.07.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $294.49 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The business has a 50 day moving average price of $291.87 and a two-hundred day moving average price of $284.67. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The firm has a market cap of $65.54 billion, a PE ratio of 42.37, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the firm earned $3.20 EPS. Air Products and Chemicals's quarterly revenue 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. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is 103.02%.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the firm's stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

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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