Vontobel Holding Ltd. Trims Stock Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Vontobel Holding Ltd. reduced its stake in Air Products and Chemicals, Inc. by 2.3% during the 2nd quarter, now owning 110,653 shares valued at approximately $31.2 million.
• Air Products and Chemicals recently reported earnings of $3.09 per share, surpassing analysts' expectations, with revenues reaching $3.02 billion, up 1.2% year-over-year.
• The company announced a quarterly dividend of $1.79 per share, set to be paid on November 10th, which reflects an annualized dividend yield of 2.7%.

Vontobel Holding Ltd. reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,653 shares of the basic materials company's stock after selling 2,626 shares during the period. Vontobel Holding Ltd.'s holdings in Air Products and Chemicals were worth $31,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Maryland State Retirement & Pension System raised its holdings in Air Products and Chemicals by 4.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 10,797 shares of the basic materials company's stock valued at $3,045,000 after buying an additional 419 shares during the period. H&H Retirement Design & Management INC raised its holdings in Air Products and Chemicals by 3.1% in the 2nd quarter. H&H Retirement Design & Management INC now owns 1,325 shares of the basic materials company's stock valued at $389,000 after buying an additional 40 shares during the period. KLP Kapitalforvaltning AS raised its holdings in Air Products and Chemicals by 4.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 80,353 shares of the basic materials company's stock valued at $22,664,000 after buying an additional 3,500 shares during the period. Tyche Wealth Partners LLC raised its holdings in Air Products and Chemicals by 9.6% in the 2nd quarter. Tyche Wealth Partners LLC now owns 3,895 shares of the basic materials company's stock valued at $1,099,000 after buying an additional 340 shares during the period. Finally, Bingham Private Wealth LLC increased its stake in Air Products and Chemicals by 26.0% during the second quarter. Bingham Private Wealth LLC now owns 949 shares of the basic materials company's stock worth $268,000 after purchasing an additional 196 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Down 2.3%

APD stock opened at $262.30 on Friday. The company's 50 day moving average price is $285.29 and its 200 day moving average price is $281.09. 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, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The firm has a market capitalization of $58.38 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 5.59 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping 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 firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the firm earned $3.20 earnings per share. The business's quarterly revenue 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. On average, equities research 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 announced 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is presently 103.02%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Citigroup cut their price target on shares of Air Products and Chemicals from $325.00 to $308.00 and set a "buy" rating on the stock in a research note on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of Air Products and Chemicals in a research note on Wednesday. UBS Group cut their price target on shares of Air Products and Chemicals from $354.00 to $350.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $330.00.

Insider Transactions at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction that occurred on 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 directly owned 8,686 shares of the company's stock, valued at $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.