Ascent Group LLC Sells 47 Shares of Air Products and Chemicals, Inc. $APD

Ascent Group LLC lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,401 shares of the basic materials company’s stock after selling 47 shares during the quarter. Ascent Group LLC’s holdings in Air Products and Chemicals were worth $395,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in shares of Air Products and Chemicals during the first quarter valued at about $25,000. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals during the first quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in shares of Air Products and Chemicals during the first quarter valued at about $27,000. Citizens National Bank Trust Department raised its holdings 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 valued at $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 valued at about $37,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the topic of several research reports. Royal Bank Of Canada initiated coverage on shares of 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. Mizuho upped their target price 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. Citigroup lowered their target price on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a report on Monday. 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

Insider Buying and Selling at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the 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 completion of the transaction, the vice president directly owned 8,686 shares of the company’s stock, valued at $2,539,612.68. This represents a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

Air Products and Chemicals Trading Down 0.1%

NYSE:APD opened at $270.73 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The firm has a market cap of $60.25 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 5.63 and a beta of 0.83. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The firm has a 50-day moving average price of $286.24 and a two-hundred day moving average price of $281.39.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion during 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 company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business 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. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently 103.02%.

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.