JB Capital LLC Decreases Position in Air Products and Chemicals, Inc. $APD

Key Points

• JB Capital LLC has reduced its stake in Air Products and Chemicals, Inc. by 51.5%, holding 9,776 shares valued at approximately $2,757,000 after selling 10,388 shares in Q2.
• Air Products reported earnings of $3.09 EPS for the last quarter, exceeding analysts' expectations, and its revenue grew by 1.2% year-over-year.
• The company declared a quarterly dividend of $1.79 per share, leading to an annualized yield of 2.7%, despite a payout ratio of over 100%.

JB Capital LLC trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 51.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,776 shares of the basic materials company's stock after selling 10,388 shares during the period. JB Capital LLC's holdings in Air Products and Chemicals were worth $2,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in Air Products and Chemicals in the 1st quarter valued at approximately $25,000. Saudi Central Bank purchased a new position in Air Products and Chemicals in the 1st quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new position in Air Products and Chemicals in the 1st quarter valued at approximately $27,000. Citizens National Bank Trust Department grew 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 valued at $33,000 after buying an additional 100 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in Air Products and Chemicals in the 1st quarter valued at approximately $37,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Down 2.3%

Shares of Air Products and Chemicals stock opened at $262.30 on Friday. The business has a 50-day moving average price of $285.29 and a 200-day moving average price of $281.09. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. 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 $58.38 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 5.59 and a beta of 0.83.

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 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be issued a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.7%. Air Products and Chemicals's payout ratio is currently 103.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Air Products and Chemicals from $354.00 to $350.00 and set a "buy" rating for the company in a report on Monday. Mizuho upped their price objective on shares of 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. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Air Products and Chemicals in a research note on Wednesday. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $330.00.

Insider Activity at Air Products and Chemicals

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 value of $397,344.42. Following the completion of the sale, 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 this hyperlink. Corporate insiders own 0.41% of the company's stock.

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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