Air Products and Chemicals, Inc. $APD Shares Purchased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its stake in Air Products and Chemicals by 3.1% in Q1, holding 50,142 shares worth approximately $14.79 million.
• Wall Street analysts have generally given favorable ratings, with target price increases resulting in an average target price of $335.07 and a consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $1.79 per share, reflecting an annualized yield of 2.5% and a payout ratio of over 103%.

NewEdge Advisors LLC boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 50,142 shares of the basic materials company's stock after acquiring an additional 1,517 shares during the quarter. NewEdge Advisors LLC's holdings in Air Products and Chemicals were worth $14,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its position in Air Products and Chemicals by 20.9% during the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock worth $473,000 after acquiring an additional 277 shares during the period. Mantle Ridge LP acquired a new stake in Air Products and Chemicals during the 4th quarter worth about $1,191,344,000. GAMMA Investing LLC lifted its position in Air Products and Chemicals by 8.0% during the 1st quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company's stock worth $1,250,000 after acquiring an additional 314 shares during the period. Electron Capital Partners LLC lifted its position in Air Products and Chemicals by 251.4% during the 1st quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company's stock worth $91,917,000 after acquiring an additional 222,980 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of Air Products and Chemicals by 4.1% during the 4th quarter. Focus Partners Wealth now owns 62,981 shares of the basic materials company's stock valued at $18,267,000 after buying an additional 2,453 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

APD has been the subject of a number of recent research reports. Argus upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating in a research note on Friday. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Morgan Stanley initiated coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price objective for the company. Citigroup lifted their price objective 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. Finally, Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $335.07.

Insider Buying and Selling at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the business's stock in a transaction that occurred 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. The trade was a 13.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded down $0.25 on Friday, hitting $294.27. The company's stock had a trading volume of 258,843 shares, compared to its average volume of 1,242,351. 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, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The firm has a fifty day moving average price of $291.87 and a 200-day moving average price of $284.67. The company has a market capitalization of $65.49 billion, a price-to-earnings ratio of 42.33, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82.

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 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 in the previous year, the firm posted $3.20 EPS. 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, sell-side analysts anticipate 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 business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be issued 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 payout ratio is currently 103.02%.

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.