Loudon Investment Management LLC Buys 227 Shares of Air Products and Chemicals, Inc. $APD

Loudon Investment Management LLC raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,123 shares of the basic materials company’s stock after buying an additional 227 shares during the quarter. Loudon Investment Management LLC’s holdings in Air Products and Chemicals were worth $2,009,000 at the end of the most recent reporting period.

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

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction dated 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 owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

APD has been the topic of several research analyst reports. 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 increased their price target on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, June 30th. Mizuho lifted their price objective on shares of 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 increased 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. Finally, Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research note on Friday, June 13th. They set an “outperform” rating and a $355.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $335.07.

Air Products and Chemicals Stock Up 0.9%

APD opened at $272.82 on Wednesday. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. 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 business’s 50-day moving average price is $288.90 and its 200-day moving average price is $282.18. The company has a market cap of $60.72 billion, a P/E ratio of 39.25, a P/E/G ratio of 6.03 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results 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 return on equity of 15.11% and a net margin of 12.86%.The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company earned $3.20 EPS. Air Products and Chemicals’s revenue for the quarter 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. On average, equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company 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 of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.6%. Air Products and Chemicals’s dividend payout ratio is presently 103.02%.

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.