Air Products and Chemicals, Inc. $APD Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 43.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 23,827 shares of the basic materials company’s stock after selling 18,329 shares during the period. Intech Investment Management LLC’s holdings in Air Products and Chemicals were worth $7,027,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in Air Products and Chemicals during the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new stake in Air Products and Chemicals during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new stake in Air Products and Chemicals during the 1st quarter worth approximately $27,000. Citizens National Bank Trust Department increased its stake in Air Products and Chemicals by 833.3% during the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in Air Products and Chemicals during the 1st quarter worth approximately $37,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $294.49 on Friday. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14. The stock has a market cap of $65.54 billion, a P/E ratio of 42.37, a PEG ratio of 6.41 and a beta of 0.82. The company has a 50-day moving average price of $291.87 and a 200 day moving average price of $284.67. 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) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the business earned $3.20 earnings per share. Air Products and Chemicals’s 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. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 103.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on APD shares. Morgan Stanley started coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 price target on the stock. Mizuho boosted their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Wells Fargo & Company boosted their target price 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. Citigroup boosted their target price 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. Finally, Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $335.07.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president directly owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals 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.