Invst LLC Takes $1.45 Million Position in Air Products and Chemicals, Inc. $APD

Key Points

• Invst LLC acquired a new position in Air Products and Chemicals, purchasing 4,905 shares valued at approximately $1.45 million during the first quarter.
• Air Products and Chemicals reported a quarterly EPS of $3.09, exceeding analysts' expectations of $2.99, alongside a revenue of $3.02 billion.
• The company declared a quarterly dividend of $1.79 per share, with a yield of 2.4%, set to be paid on November 10th.

Invst LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,905 shares of the basic materials company's stock, valued at approximately $1,447,000.

Other hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Air Products and Chemicals in the 1st quarter worth about $25,000. Saudi Central Bank bought a new position in Air Products and Chemicals in the 1st quarter worth about $26,000. Cheviot Value Management LLC bought a new position in Air Products and Chemicals in the 1st quarter worth about $27,000. Citizens National Bank Trust Department boosted its stake in Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in Air Products and Chemicals in the 1st quarter worth about $37,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Up 2.4%

Shares of APD stock opened at $294.49 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The company's fifty day moving average price is $291.87 and its 200-day moving average price is $284.67. The company has a market capitalization of $65.54 billion, a price-to-earnings ratio of 42.37, a PEG ratio of 6.41 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business 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. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

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

Insider Activity at Air Products and Chemicals

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 transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 price target on the stock. Morgan Stanley assumed coverage on shares of Air Products and Chemicals in a research note on Thursday, May 29th. They set an "equal weight" rating and a $290.00 target price on the stock. Wells Fargo & Company upped their target price on shares of 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. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, UBS Group upped their target price on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $335.07.

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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