Philadelphia Trust Co. Sells 2,460 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Philadelphia Trust Co. significantly reduced its stake in Air Products and Chemicals by 66.8% in the first quarter, now holding 1,225 shares valued at approximately $361,000.
• Air Products recently reported earnings that exceeded analysts' expectations, with an EPS of $3.09 against a consensus estimate of $2.99, and revenue of $3.02 billion.
• The company declared a quarterly dividend of $1.79 per share, translating to an annualized yield of 2.5% and a payout ratio of 103.02%.

Philadelphia Trust Co. trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 66.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,225 shares of the basic materials company's stock after selling 2,460 shares during the period. Philadelphia Trust Co.'s holdings in Air Products and Chemicals were worth $361,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of APD. Wayfinding Financial LLC bought a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $25,000. Cheviot Value Management LLC bought a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $27,000. Citizens National Bank Trust Department grew its stake in shares of Air Products and Chemicals by 833.3% during the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Air Products and Chemicals by 525.9% during the 4th quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company's stock worth $49,000 after acquiring an additional 142 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $50,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Performance

NYSE:APD traded down $0.80 during mid-day trading on Thursday, reaching $291.57. 242,746 shares of the company's stock were exchanged, compared to its average volume of 1,299,845. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The firm has a market capitalization of $64.89 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 6.47 and a beta of 0.81. The business's fifty day simple moving average is $288.16 and its two-hundred day simple moving average is $287.52. 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 (NYSE:APD - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm 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 business posted $3.20 EPS. The business'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. Analysts anticipate 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 declared 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 payout ratio is 103.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 price target for the company. 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. Morgan Stanley started coverage on shares of Air Products and Chemicals in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 target price for the company. 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. Finally, UBS Group raised their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $335.07.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the business'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 completion of the transaction, the vice president owned 8,686 shares of the company's stock, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company's stock.

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.