Access Financial Services Inc. Has $1.46 Million Stock Position in Air Products and Chemicals, Inc. $APD

Access Financial Services Inc. raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,190 shares of the basic materials company’s stock after buying an additional 135 shares during the period. Access Financial Services Inc.’s holdings in Air Products and Chemicals were worth $1,464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in shares of Air Products and Chemicals during the first quarter valued at approximately $25,000. Saudi Central Bank bought a new stake in shares of Air Products and Chemicals during the 1st quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in shares of Air Products and Chemicals in the 1st quarter worth $27,000. Citizens National Bank Trust Department increased its holdings in shares of 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 buying an additional 100 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Air Products and Chemicals during the 1st quarter valued at about $37,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE:APD opened at $268.68 on Thursday. 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 is $288.31 and its 200 day moving average is $282.09. The company has a market capitalization of $59.79 billion, a P/E ratio of 38.66, a P/E/G ratio of 6.08 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping 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 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 posted $3.20 earnings per share. The company’s quarterly revenue 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 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.7%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 103.02%.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on APD shares. Royal Bank Of Canada started coverage on Air Products and Chemicals in a report on Friday, June 13th. They set an “outperform” rating and a $355.00 price objective on the stock. UBS Group raised their price objective on Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Citigroup increased their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the company a “buy” rating in a report on Monday, June 30th. Wells Fargo & Company boosted their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One 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 company’s stock. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $335.06.

About Air Products and Chemicals

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.