2,012 Shares in Air Products and Chemicals, Inc. $APD Bought by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,012 shares of the basic materials company’s stock, valued at approximately $568,000.

Other institutional investors have also modified their holdings of the company. Dodge & Cox lifted its stake in Air Products and Chemicals by 31.5% in the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after acquiring an additional 2,096,568 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Air Products and Chemicals by 159.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock valued at $508,962,000 after buying an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Air Products and Chemicals by 110.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock worth $425,202,000 after acquiring an additional 756,780 shares during the period. Electron Capital Partners LLC lifted its position in shares of Air Products and Chemicals by 251.4% in the 1st quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company’s stock worth $91,917,000 after acquiring an additional 222,980 shares during the period. Finally, Strs Ohio bought a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $42,661,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.8%

Shares of APD stock opened at $268.71 on Thursday. The stock has a 50 day simple moving average of $285.81 and a 200 day simple moving average of $281.30. 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, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The stock has a market cap of $59.80 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 5.63 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the company earned $3.20 earnings per share. The company’s quarterly revenue 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, research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed 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. This represents a $7.16 dividend on an annualized basis and a 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

APD has been the subject of several analyst reports. Mizuho raised their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Wells Fargo & Company lifted their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, UBS Group reduced their target price on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average price target of $330.00.

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction 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 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 SEC, which is available at this hyperlink. 0.41% of the stock is owned by insiders.

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.