Air Products and Chemicals, Inc. $APD Stock Holdings Decreased by Senator Investment Group LP

Key Points

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Senator Investment Group LP cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 60.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,669 shares of the basic materials company's stock after selling 277,789 shares during the quarter. Air Products and Chemicals accounts for about 2.9% of Senator Investment Group LP's investment portfolio, making the stock its 16th largest holding. Senator Investment Group LP owned approximately 0.08% of Air Products and Chemicals worth $53,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Parvin Asset Management LLC purchased a new stake in Air Products and Chemicals in the 4th quarter worth approximately $715,000. Ritholtz Wealth Management lifted its holdings in Air Products and Chemicals by 20.9% in the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock worth $473,000 after buying an additional 277 shares during the period. Mantle Ridge LP purchased a new stake in Air Products and Chemicals in the 4th quarter worth approximately $1,191,344,000. GAMMA Investing LLC lifted its stake in shares of Air Products and Chemicals by 8.0% in the 1st quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company's stock valued at $1,250,000 after purchasing an additional 314 shares during the period. Finally, Focus Partners Wealth lifted its stake in shares of Air Products and Chemicals by 4.1% in the 4th quarter. Focus Partners Wealth now owns 62,981 shares of the basic materials company's stock valued at $18,267,000 after purchasing an additional 2,453 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup raised their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a research note on Monday, June 30th. UBS Group raised their price objective on Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research report on Friday, June 13th. They set an "outperform" rating and a $355.00 price objective for the company. Barclays reduced their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Morgan Stanley assumed coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and an average price target 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 shares were 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 of the company's stock, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by company insiders.

Air Products and Chemicals Trading Up 1.9%

Shares of APD traded up $5.4990 during mid-day trading on Friday, reaching $299.0190. The company had a trading volume of 765,247 shares, compared to its average volume of 1,299,951. The stock has a market cap of $66.55 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 6.52 and a beta of 0.81. The firm has a fifty day simple moving average of $288.36 and a 200-day simple moving average of $287.21. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the business earned $3.20 EPS. Air Products and Chemicals's revenue for the quarter 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. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company 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 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 payout ratio is 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.