Marks Group Wealth Management Inc Boosts Position in Air Products and Chemicals, Inc. $APD

Key Points

• Marks Group Wealth Management Inc increased its stake in Air Products and Chemicals by 4.6% during the second quarter, bringing its total holdings to 33,101 shares worth approximately $9.34 million.
• Several analysts upgraded their price targets for Air Products and Chemicals, with estimates ranging from $325.00 to $355.00, reflecting a positive outlook on the company's performance.
• The company declared a quarterly dividend of $1.79 per share, resulting in an annualized dividend of $7.16, despite a high payout ratio of 103.02%.

Marks Group Wealth Management Inc boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,101 shares of the basic materials company's stock after buying an additional 1,442 shares during the quarter. Marks Group Wealth Management Inc's holdings in Air Products and Chemicals were worth $9,336,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of APD. Wayfinding Financial LLC purchased a new position in Air Products and Chemicals during the 1st quarter worth approximately $25,000. Saudi Central Bank acquired a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $27,000. Citizens National Bank Trust Department grew its stake in shares of Air Products and Chemicals by 833.3% during 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 during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $37,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APD. UBS Group raised their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada began coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 price objective on the stock. Mizuho raised their price objective on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $335.06.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, the vice president owned 8,686 shares of the company's stock, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The sale 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.

Air Products and Chemicals Trading Up 0.2%

Shares of APD opened at $271.24 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The firm's fifty day moving average is $287.22 and its two-hundred day moving average is $281.61. The stock has a market cap of $60.36 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the firm posted $3.20 earnings per share. 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. Research analysts forecast 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 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. This represents a $7.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is currently 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.

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