MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 2,840 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Air Products and Chemicals, Inc. by 6.1% during the first quarter, owning 49,435 shares worth approximately $14.57 million.
• VP Victoria Brifo sold 1,359 shares of Air Products recently, reducing her position by 13.53% and bringing her remaining holdings to 8,686 shares valued at around $2.54 million.
• Analysts have updated their price targets for APD, with Mizuho raising it to $325 and UBS Group increasing it to $344, reflecting a consensus target price of $335.07.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,435 shares of the basic materials company's stock after buying an additional 2,840 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Air Products and Chemicals were worth $14,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Air Products and Chemicals in the 1st quarter worth approximately $25,000. Saudi Central Bank bought a new stake in Air Products and Chemicals in the first quarter valued at approximately $26,000. Cheviot Value Management LLC bought a new stake in Air Products and Chemicals in the first quarter valued at approximately $27,000. Citizens National Bank Trust Department lifted its position in Air Products and Chemicals by 833.3% in the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Finally, 1248 Management LLC bought a new stake in Air Products and Chemicals in the first quarter valued at approximately $39,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Down 0.5%

Shares of NYSE APD traded down $1.38 during trading on Friday, reaching $293.14. The company had a trading volume of 985,775 shares, compared to its average volume of 1,246,604. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14. The stock has a market cap of $65.24 billion, a PE ratio of 42.18, a P/E/G ratio of 6.41 and a beta of 0.82. The business's 50-day moving average is $291.87 and its 200 day moving average is $284.67. 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 (NYSE:APD - Get Free Report) last released its quarterly earnings data 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. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same period last year, the firm posted $3.20 earnings per share. Air Products and Chemicals's revenue was up 1.2% compared to the same quarter last year. 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. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors 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 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals's dividend payout ratio (DPR) is 103.02%.

Insider Activity at Air Products and Chemicals

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

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research report on Friday, June 13th. They issued an "outperform" rating and a $355.00 price objective for the company. Morgan Stanley initiated coverage on Air Products and Chemicals in a report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 target price for the company. Argus upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday. Citigroup upped their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a report on Monday, June 30th. Finally, Wells Fargo & Company upped their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average 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.