S.E.E.D. Planning Group LLC Raises Stock Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• S.E.E.D. Planning Group LLC increased its stake in Air Products and Chemicals, Inc. by 24.9% during the 2nd quarter, resulting in a total of 8,477 shares valued at approximately $2.39 million.
• Wall Street analysts have raised their price targets for Air Products and Chemicals, with estimates reaching as high as $345.00, contributing to a consensus rating of "Moderate Buy" for the stock.
• Air Products and Chemicals announced a quarterly dividend of $1.79 per share, payable on November 10, representing an annual yield of 2.4%.

S.E.E.D. Planning Group LLC raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 24.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,477 shares of the basic materials company's stock after purchasing an additional 1,688 shares during the period. S.E.E.D. Planning Group LLC's holdings in Air Products and Chemicals were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Air Products and Chemicals during the first quarter valued at $25,000. Saudi Central Bank bought a new position in Air Products and Chemicals during the first quarter valued at $26,000. Cheviot Value Management LLC bought a new position in Air Products and Chemicals during the first quarter valued at $27,000. Citizens National Bank Trust Department grew its holdings in Air Products and Chemicals by 833.3% during the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 100 shares during the period. Finally, Ransom Advisory Ltd bought a new position in Air Products and Chemicals during the first quarter valued at $37,000. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APD has been the subject of several research reports. Citigroup increased their price objective 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. Wells Fargo & Company raised their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. UBS Group raised their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Argus raised Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $335.07.

Insider Transactions at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction on 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 sale, the vice president owned 8,686 shares of the company's stock, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company's stock.

Air Products and Chemicals Price Performance

NYSE:APD opened at $293.14 on Monday. The firm has a market capitalization of $65.24 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 6.53 and a beta of 0.82. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The stock has a fifty day moving average of $291.89 and a 200 day moving average of $284.10. 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 posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $3.20 earnings per share. 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. On average, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

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 paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.4%. 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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