New England Research & Management Inc. Buys New Shares in Air Products and Chemicals, Inc. $APD

Key Points

• New England Research & Management Inc. acquired a new stake in Air Products and Chemicals, purchasing 2,025 shares valued at approximately $571,000 during the second quarter.
• Air Products and Chemicals reported earnings of $3.09 per share for the last quarter, surpassing analyst expectations, with a revenue of $3.02 billion.
• The company announced a quarterly dividend of $1.79, with an annualized yield of 2.5%, set to be paid on November 10th.

New England Research & Management Inc. acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,025 shares of the basic materials company's stock, valued at approximately $571,000.

Several other institutional investors have also modified their holdings of APD. Bowman & Co S.C. increased its stake in shares of Air Products and Chemicals by 0.7% during the second quarter. Bowman & Co S.C. now owns 6,688 shares of the basic materials company's stock worth $1,888,000 after acquiring an additional 48 shares during the period. Czech National Bank grew its stake in shares of Air Products and Chemicals by 6.5% in the 2nd quarter. Czech National Bank now owns 54,397 shares of the basic materials company's stock worth $15,343,000 after purchasing an additional 3,298 shares during the last quarter. Dover Advisors LLC lifted its stake in Air Products and Chemicals by 1.9% in the second quarter. Dover Advisors LLC now owns 5,041 shares of the basic materials company's stock valued at $1,422,000 after acquiring an additional 96 shares during the last quarter. Canandaigua National Bank & Trust Co. increased its position in Air Products and Chemicals by 12.7% during the second quarter. Canandaigua National Bank & Trust Co. now owns 5,036 shares of the basic materials company's stock worth $1,420,000 after acquiring an additional 567 shares during the period. Finally, NBC Securities Inc. lifted its position in Air Products and Chemicals by 63.8% during the 2nd quarter. NBC Securities Inc. now owns 2,846 shares of the basic materials company's stock worth $802,000 after buying an additional 1,109 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Shares of APD opened at $290.04 on Tuesday. The company has a market capitalization of $64.55 billion, a PE ratio of 41.73, a price-to-earnings-growth ratio of 6.53 and a beta of 0.82. The company's fifty day moving average price is $291.91 and its 200 day moving average price is $283.92. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

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 for the quarter, beating the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is currently 103.02%.

Insider Activity

In other 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 transaction 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

APD has been the subject of several recent analyst reports. Argus raised Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. 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. Mizuho raised their target price on 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. Finally, Citigroup boosted their target price on 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.

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