Price T Rowe Associates Inc. MD Has $96.29 Million Stock Position in Air Products and Chemicals, Inc. $APD

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Air Products and Chemicals by 1.4%, holding 326,508 shares worth $96.29 million at the end of the most recent quarter.
• Analysts are optimistic about the company's future, with target prices increased by firms such as Mizuho, Citigroup, and Wells Fargo, indicating a general consensus of a "Moderate Buy."
• Air Products and Chemicals recently declared a quarterly dividend of $1.79 per share, representing an annualized dividend of $7.16 and a yield of 2.4%.

Price T Rowe Associates Inc. MD increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,508 shares of the basic materials company's stock after buying an additional 4,372 shares during the period. Price T Rowe Associates Inc. MD owned 0.15% of Air Products and Chemicals worth $96,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APD. Brighton Jones LLC lifted its position in Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock valued at $945,000 after purchasing an additional 412 shares during the period. Integrated Wealth Concepts LLC lifted its position in Air Products and Chemicals by 12.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 4,859 shares of the basic materials company's stock valued at $1,409,000 after purchasing an additional 544 shares during the period. Coldstream Capital Management Inc. lifted its position in Air Products and Chemicals by 5.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,227 shares of the basic materials company's stock valued at $1,516,000 after purchasing an additional 293 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Air Products and Chemicals during the 4th quarter valued at about $1,310,000. Finally, Boothbay Fund Management LLC acquired a new position in Air Products and Chemicals during the 4th quarter valued at about $455,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Mizuho upped 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 report on Tuesday, July 15th. Citigroup upped 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 report on Monday, June 30th. Wells Fargo & Company upped 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 report on Monday, July 14th. Barclays reduced their price objective on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley assumed 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus 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 firm's stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 8,686 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Air Products and Chemicals Price Performance

NYSE APD opened at $294.3270 on Tuesday. The business has a 50 day simple moving average of $289.02 and a 200 day simple moving average of $286.23. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The stock has a market cap of $65.50 billion, a price-to-earnings ratio of 42.35, a PEG ratio of 6.68 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted 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 return on equity of 15.11% and a net margin of 12.86%.The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.95 billion. During the same period in the prior year, the business earned $3.20 EPS. Air Products and Chemicals's revenue for the quarter 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 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 of this dividend 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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