Baxter Bros Inc. Has $5.04 Million Holdings in Air Products and Chemicals, Inc. $APD

Baxter Bros Inc. cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 14.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,879 shares of the basic materials company’s stock after selling 3,047 shares during the quarter. Baxter Bros Inc.’s holdings in Air Products and Chemicals were worth $5,043,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Air Products and Chemicals in the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $27,000. Citizens National Bank Trust Department raised its position in shares of 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. Finally, Ransom Advisory Ltd acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $37,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Air Products and Chemicals

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 value of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

Air Products and Chemicals Stock Down 0.8%

Shares of NYSE:APD opened at $268.71 on Thursday. The company has a market capitalization of $59.80 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 5.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The business has a fifty day moving average price of $285.81 and a two-hundred day moving average price of $281.30. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.20 EPS. 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. Analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be paid 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 103.02%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APD. Wells Fargo & Company upped their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Royal Bank Of Canada began coverage on Air Products and Chemicals in a research report on Friday, June 13th. They set an “outperform” rating and a $355.00 target price on the stock. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research report on Wednesday, October 1st. Finally, Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $330.00.

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.