Osterweis Capital Management Inc. Reduces Stock Position in Air Products and Chemicals, Inc. $APD

Key Points

• Osterweis Capital Management Inc. has reduced its stake in Air Products and Chemicals, Inc. by 11.7%, selling 14,114 shares and bringing its total holdings to 106,193 shares valued at approximately $31.3 million as of the last reporting period.
• Air Products and Chemicals has received positive adjustments in analyst ratings, with consensus price targets ranging from $320.00 to $355.00, reflecting strong buy sentiments from multiple analysts.
• The company recently declared a quarterly dividend of $1.79 per share, leading to an annualized dividend yield of 2.4%, with a payout ratio currently at 103.02%.

Osterweis Capital Management Inc. reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,193 shares of the basic materials company's stock after selling 14,114 shares during the period. Osterweis Capital Management Inc.'s holdings in Air Products and Chemicals were worth $31,318,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Air Products and Chemicals in the first quarter worth about $25,000. Saudi Central Bank bought a new position in Air Products and Chemicals in the first quarter worth about $26,000. Cheviot Value Management LLC bought a new position in Air Products and Chemicals in the first quarter worth about $27,000. Citizens National Bank Trust Department raised its stake 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 worth $33,000 after buying an additional 100 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in Air Products and Chemicals in the first quarter worth about $37,000. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

APD has been the subject of a number of research reports. Royal Bank Of Canada initiated coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 price target for the company. Citigroup raised their target price 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 target price 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. Wells Fargo & Company raised their target price on shares of 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. Finally, Wall Street Zen raised shares of 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, ten have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Air Products and Chemicals currently has an average rating of "Moderate Buy" and a consensus 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 Air Products and Chemicals 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 transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Air Products and Chemicals Price Performance

Shares of APD opened at $294.49 on Friday. The company has a market capitalization of $65.54 billion, a P/E ratio of 42.37, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $291.87 and a 200 day moving average of $284.67. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results 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. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the firm earned $3.20 earnings per share. The firm's quarterly 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 research 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 firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid 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 dividend payout ratio (DPR) is currently 103.02%.

About Air Products and Chemicals

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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