Tocqueville Asset Management L.P. Has $71.84 Million Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Tocqueville Asset Management L.P. reduced its holdings in Air Products and Chemicals by 0.8%, cutting its stake to approximately 243,596 shares, which constitutes about 1.2% of the firm's investment portfolio.
• Air Products and Chemicals recently declared a quarterly dividend of $1.79 per share, with a yield of 2.5%, and a payout ratio of **103.02%**.
• As of the last earnings report, the company reported $3.09 EPS, surpassing estimates, and had a revenue of $3.02 billion, showing a year-over-year increase of 1.2%.

Tocqueville Asset Management L.P. lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 243,596 shares of the basic materials company's stock after selling 1,989 shares during the quarter. Air Products and Chemicals makes up approximately 1.2% of Tocqueville Asset Management L.P.'s investment portfolio, making the stock its 14th largest position. Tocqueville Asset Management L.P. owned approximately 0.11% of Air Products and Chemicals worth $71,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Air Products and Chemicals in the first quarter valued at about $25,000. Cheviot Value Management LLC bought a new position in Air Products and Chemicals during the first quarter worth about $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 worth $33,000 after purchasing an additional 100 shares during the period. Sunbelt Securities Inc. grew its holdings in Air Products and Chemicals by 525.9% during the fourth quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company's stock worth $49,000 after purchasing an additional 142 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in Air Products and Chemicals during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of APD stock traded down $0.4450 during trading on Thursday, hitting $291.9250. The company had a trading volume of 219,584 shares, compared to its average volume of 1,299,720. 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 firm has a market capitalization of $64.97 billion, a P/E ratio of 41.99, a price-to-earnings-growth ratio of 6.47 and a beta of 0.81. The stock's 50-day moving average price is $288.16 and its 200 day moving average price is $287.52. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14.

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 (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities 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 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 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's payout ratio is 103.02%.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the company's 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 directly owned 8,686 shares in the company, valued at $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup lifted their price target on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley assumed coverage on Air Products and Chemicals in a report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price target for the company. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a report on Friday, June 13th. They set an "outperform" rating and a $355.00 price target for the company. Finally, 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 report on Friday, May 2nd. 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $335.07.

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.