Wilmington Savings Fund Society FSB Lowers Position in Air Products and Chemicals, Inc. $APD

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Air Products and Chemicals by 4.5%, now holding 20,406 shares worth approximately $5.76 million.
• Analysts have mixed views on Air Products and Chemicals, with a consensus rating of "Moderate Buy" and a target price of $330.00, while various firms adjusted their price targets recently.
• Air Products and Chemicals declared a quarterly dividend of $1.79, reflecting a yield of 2.7%, but has a high dividend payout ratio of 103.02%.

Wilmington Savings Fund Society FSB trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,406 shares of the basic materials company's stock after selling 972 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Air Products and Chemicals were worth $5,756,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of APD. Brighton Jones LLC grew its holdings in Air Products and Chemicals by 14.5% in the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock valued at $945,000 after purchasing an additional 412 shares during the period. Bison Wealth LLC purchased a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $245,000. GAMMA Investing LLC grew its holdings in Air Products and Chemicals by 8.0% in the first 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. Dynamic Advisor Solutions LLC lifted its position in Air Products and Chemicals by 3.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 7,120 shares of the basic materials company's stock valued at $2,100,000 after buying an additional 266 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in Air Products and Chemicals by 20.9% during the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock valued at $473,000 after buying an additional 277 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Mizuho lifted 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. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a research report on Wednesday, October 1st. Wall Street Zen raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. Finally, Citigroup reduced 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 report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $330.00.

Air Products and Chemicals Trading Up 0.4%

NYSE APD opened at $261.79 on Wednesday. The company's fifty day simple moving average is $283.66 and its 200-day simple moving average is $280.28. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 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. The stock has a market cap of $58.26 billion, a P/E ratio of 37.67, a PEG ratio of 5.41 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS 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 business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same period in the previous year, the company posted $3.20 earnings per share. The business's revenue for the quarter 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. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

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 issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.7%. Air Products and Chemicals's dividend payout ratio is currently 103.02%.

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 on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

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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