Integrity Alliance LLC. Purchases Shares of 2,865 Air Products and Chemicals, Inc. $APD

Key Points

• Integrity Alliance LLC has purchased a new stake in Air Products and Chemicals, acquiring 2,865 shares valued at approximately $845,000.
• Institutional investors and hedge funds collectively own 81.66% of Air Products and Chemicals, with several adjusting their positions significantly in the first quarter.
• The company reported earnings of $3.09 per share for the last quarter, exceeding estimates, and announced a quarterly dividend of $1.79 set to be paid on November 10th.

Integrity Alliance LLC. acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,865 shares of the basic materials company's stock, valued at approximately $845,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wayfinding Financial LLC acquired a new stake in shares of Air Products and Chemicals during the 1st quarter valued at about $25,000. Saudi Central Bank bought a new position in Air Products and Chemicals during the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in Air Products and Chemicals in the first quarter valued at approximately $27,000. Citizens National Bank Trust Department grew its position in Air Products and Chemicals by 833.3% in the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth $37,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value 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. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on APD shares. 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. Citigroup upped their price target on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. UBS Group boosted their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wells Fargo & Company upped 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, Argus raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of "Moderate Buy" and an average price target of $335.07.

Air Products and Chemicals Trading Down 1.9%

APD traded down $5.52 during trading on Tuesday, reaching $284.00. 360,106 shares of the company's stock were exchanged, compared to its average volume of 1,239,966. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The firm has a market capitalization of $63.21 billion, a PE ratio of 40.81, a P/E/G ratio of 6.53 and a beta of 0.82. The company's fifty day moving average price is $291.91 and its 200-day moving average price is $283.92.

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 (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the company earned $3.20 EPS. The company'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. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders 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 yield of 2.5%. Air Products and Chemicals's payout ratio is currently 103.02%.

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.