Harbour Trust & Investment Management Co Sells 435 Shares of Air Products and Chemicals, Inc. $APD

Harbour Trust & Investment Management Co lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,820 shares of the basic materials company’s stock after selling 435 shares during the period. Harbour Trust & Investment Management Co’s holdings in Air Products and Chemicals were worth $5,026,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Dodge & Cox boosted its stake in shares of Air Products and Chemicals by 31.5% during 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 during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Air Products and Chemicals by 159.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock worth $508,962,000 after acquiring an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Air Products and Chemicals by 110.5% during 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 last quarter. Electron Capital Partners LLC boosted its stake in shares of Air Products and Chemicals by 251.4% during 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 last quarter. Finally, Strs Ohio purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth $42,661,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 1.3%

APD opened at $260.53 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The firm’s fifty day moving average is $284.27 and its 200 day moving average is $280.41. The stock has a market cap of $57.98 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 5.33 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, beating 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 company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the company earned $3.20 EPS. Air Products and Chemicals’s revenue for the quarter 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, sell-side 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. Shareholders 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 payout ratio is currently 103.02%.

Wall Street Analyst Weigh In

APD has been the topic of several analyst reports. UBS Group dropped their price target on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Finally, Mizuho lifted 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 note on Tuesday, July 15th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $330.00.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals 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 in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.