Air Products and Chemicals, Inc. $APD Stake Boosted by Logan Capital Management Inc.

Key Points

• Logan Capital Management Inc. raised its holdings in Air Products and Chemicals by 43,020.0% during the first quarter, now owning 6,468 shares valued at approximately $1.9 million.
• Air Products and Chemicals announced a quarterly dividend of $1.79 per share, with a yield of 2.5%, to be paid on November 10th, while the company has a dividend payout ratio of 103.02%.
• Analyst ratings for Air Products and Chemicals are mostly positive, with one Strong Buy, ten Buy, four Hold, and one Sell rating, and a consensus price target of $335.07.

Logan Capital Management Inc. lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 43,020.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,468 shares of the basic materials company's stock after purchasing an additional 6,453 shares during the quarter. Logan Capital Management Inc.'s holdings in Air Products and Chemicals were worth $1,908,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of APD. Mantle Ridge LP purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $1,191,344,000. Dodge & Cox grew its holdings in shares of Air Products and Chemicals by 31.5% during the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company's stock worth $2,583,417,000 after purchasing an additional 2,096,568 shares during the period. GAMMA Investing LLC grew its holdings in shares of Air Products and Chemicals by 31,752.0% during the 1st quarter. GAMMA Investing LLC now owns 1,249,871 shares of the basic materials company's stock worth $368,612,000 after purchasing an additional 1,245,947 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Air Products and Chemicals by 159.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock worth $508,962,000 after purchasing an additional 1,059,970 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Air Products and Chemicals by 110.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company's stock worth $425,202,000 after purchasing an additional 756,780 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Insider Transactions at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the firm's stock in a transaction 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 transaction, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a report on Friday, June 13th. They set an "outperform" rating and a $355.00 target price for the company. Wells Fargo & Company upped their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Argus upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday. Finally, Mizuho upped their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One equities research 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 issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $335.07.

Air Products and Chemicals Stock Down 0.5%

Shares of Air Products and Chemicals stock traded down $1.38 on Friday, hitting $293.14. 985,778 shares of the company's stock traded hands, compared to its average volume of 630,758. The stock has a market cap of $65.24 billion, a P/E ratio of 42.18, a PEG ratio of 6.57 and a beta of 0.82. 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's 50-day moving average is $291.89 and its 200 day moving average is $284.51. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. The company 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 business's revenue was up 1.2% on a year-over-year basis. During the same period in the prior 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. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share 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. Stockholders of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is 103.02%.

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.