1,080 Shares in Air Products and Chemicals, Inc. $APD Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired a new position in Air Products and Chemicals, Inc. during Q1, purchasing 1,080 shares valued at approximately $319,000.
• Hedge funds hold 81.66% of the company's stock, with notable investments from Brighton Jones LLC and Lighthouse Investment Partners LLC, which increased their shares significantly in the last quarter.
• Analysts have set new price targets for APD, with UBS raising theirs from $328.00 to $344.00 and Wells Fargo lifting theirs from $320.00 to $345.00, indicating a positive outlook for the stock.

MBB Public Markets I LLC bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,080 shares of the basic materials company's stock, valued at approximately $319,000.

Other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $25,000. Saudi Central Bank purchased a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $26,000. Cheviot Value Management LLC purchased a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $27,000. Citizens National Bank Trust Department lifted its position in 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 valued at $33,000 after acquiring an additional 100 shares during the period. Finally, 1248 Management LLC purchased a new position in Air Products and Chemicals during the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

Shares of APD stock traded down $1.38 during trading hours on Friday, reaching $293.14. The company had a trading volume of 985,778 shares, compared to its average volume of 630,758. The business has a fifty day moving average price of $291.89 and a 200-day moving average price of $284.51. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The firm has a market cap of $65.24 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 6.57 and a beta of 0.82. 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 (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.99 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate 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 was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.20 earnings per share. 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 predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share 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. Investors of record on Wednesday, October 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's payout ratio is currently 103.02%.

Analysts Set New Price Targets

APD has been the subject of a number of recent research reports. Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a research report on Friday, June 13th. They set an "outperform" rating and a $355.00 price target for the company. Citigroup raised their price objective on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Mizuho raised 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. 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, Argus upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $335.07.

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of the business's 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.

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.