Peoples Financial Services CORP. Has $1.67 Million Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Peoples Financial Services CORP. reduced its holdings in Air Products and Chemicals by 16.4%, owning 5,935 shares valued at approximately $1.67 million after selling 1,162 shares in the second quarter.
• A significant number of institutional investors increased their stakes in Air Products, with Norden Group LLC notably raising its holdings by 167.3%.
• Air Products and Chemicals announced a quarterly dividend of $1.79 per share, with a yield of 2.7%, to be paid on November 10th to investors of record as of October 1st.

Peoples Financial Services CORP. cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 16.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,935 shares of the basic materials company's stock after selling 1,162 shares during the period. Peoples Financial Services CORP.'s holdings in Air Products and Chemicals were worth $1,674,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ritholtz Wealth Management grew its stake in Air Products and Chemicals by 20.9% in the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock valued at $473,000 after acquiring an additional 277 shares during the period. Chapin Davis Inc. grew its stake in Air Products and Chemicals by 16.1% in the second quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company's stock valued at $3,147,000 after acquiring an additional 1,551 shares during the period. West Oak Capital LLC grew its stake in Air Products and Chemicals by 12.2% in the second quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company's stock valued at $3,050,000 after acquiring an additional 1,180 shares during the period. Revisor Wealth Management LLC grew its stake in Air Products and Chemicals by 110.4% in the second quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company's stock valued at $966,000 after acquiring an additional 1,713 shares during the period. Finally, Norden Group LLC grew its stake in Air Products and Chemicals by 167.3% in the second quarter. Norden Group LLC now owns 5,800 shares of the basic materials company's stock valued at $1,636,000 after acquiring an additional 3,630 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction dated 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 owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Argus raised Air Products and Chemicals from a "hold" rating to a "buy" rating in a research note on Friday, September 12th. UBS Group boosted their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 target price for the company. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Citigroup boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $335.07.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $266.74 on Monday. The firm has a market cap of $59.36 billion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 5.95 and a beta of 0.82. The stock's 50-day moving average is $289.88 and its 200-day moving average is $282.40. 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 released its earnings results 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 business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the company posted $3.20 earnings per share. Air Products and Chemicals's revenue was up 1.2% on a year-over-year basis. 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. Equities analysts predict 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 business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors 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 yield of 2.7%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is presently 103.02%.

Air Products and Chemicals 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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