Ramirez Asset Management Inc. Has $85,000 Stock Holdings in Air Products and Chemicals, Inc. $APD

Ramirez Asset Management Inc. lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 25.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 300 shares of the basic materials company’s stock after selling 100 shares during the period. Ramirez Asset Management Inc.’s holdings in Air Products and Chemicals were worth $85,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management boosted its holdings in Air Products and Chemicals by 20.9% in the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company’s stock valued at $473,000 after purchasing an additional 277 shares during the period. West Oak Capital LLC grew its holdings in shares of Air Products and Chemicals by 12.2% during the 2nd quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock worth $3,050,000 after purchasing an additional 1,180 shares in the last quarter. Chapin Davis Inc. grew its holdings in shares of Air Products and Chemicals by 16.1% during the 2nd quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock worth $3,147,000 after purchasing an additional 1,551 shares in the last quarter. Revisor Wealth Management LLC grew its holdings in shares of Air Products and Chemicals by 110.4% during the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Norden Group LLC grew its holdings in shares of Air Products and Chemicals by 167.3% during the 2nd quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock worth $1,636,000 after purchasing an additional 3,630 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Activity

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, the vice president directly owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals Trading Down 2.1%

Shares of Air Products and Chemicals stock opened at $257.28 on Friday. The firm has a market capitalization of $57.26 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 5.45 and a beta of 0.83. 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 firm’s 50 day moving average is $284.80 and its 200 day moving average is $280.83. 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 results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.8%. Air Products and Chemicals’s payout ratio is 103.02%.

Analyst Ratings Changes

Several equities analysts have recently commented on APD shares. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research report on Wednesday, October 1st. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Citigroup dropped their target price on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Mizuho boosted their target price 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

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.