Air Products and Chemicals, Inc. $APD Shares Sold by Radnor Capital Management LLC

Key Points

• Radnor Capital Management LLC reduced its stake in Air Products and Chemicals by 40.7% in the second quarter, owning 3,499 shares worth approximately $987,000 after selling 2,400 shares.
• A number of brokerages have raised their price targets for Air Products and Chemicals, with estimates ranging from $325.00 to $355.00 and the current average target price set at $335.07.
• Air Products and Chemicals announced a quarterly dividend of $1.79 per share, with an upcoming payment date on November 10th and an annualized yield of 2.5%.

Radnor Capital Management LLC lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 40.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,499 shares of the basic materials company's stock after selling 2,400 shares during the period. Radnor Capital Management LLC's holdings in Air Products and Chemicals were worth $987,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Dodge & Cox lifted its stake in shares of Air Products and Chemicals by 31.5% in the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company's stock valued at $2,583,417,000 after buying an additional 2,096,568 shares during the period. GAMMA Investing LLC increased its holdings in shares of Air Products and Chemicals by 31,752.0% during the first quarter. GAMMA Investing LLC now owns 1,249,871 shares of the basic materials company's stock worth $368,612,000 after buying an additional 1,245,947 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Air Products and Chemicals by 159.2% in the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock valued at $508,962,000 after purchasing an additional 1,059,970 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Air Products and Chemicals by 110.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company's stock valued at $425,202,000 after purchasing an additional 756,780 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $105,006,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on APD shares. Morgan Stanley started coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 target price for the company. Royal Bank Of Canada began 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 on the stock. UBS Group boosted their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Argus raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a research note on Friday, September 12th. Finally, Mizuho upped their price target 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. One 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $335.07.

Air Products and Chemicals Stock Performance

NYSE:APD traded down $1.99 during midday trading on Friday, hitting $290.46. The company's stock had a trading volume of 1,374,420 shares, compared to its average volume of 653,027. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The firm's 50 day moving average is $291.62 and its 200-day moving average is $283.55. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The firm has a market cap of $64.64 billion, a P/E ratio of 41.79, a P/E/G ratio of 6.47 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the company earned $3.20 EPS. Air Products and Chemicals's quarterly 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 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 disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is presently 103.02%.

Insider Buying and Selling

In other news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

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.