Air Products and Chemicals, Inc. $APD Stock Holdings Trimmed by Griffin Asset Management Inc.

Griffin Asset Management Inc. lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,267 shares of the basic materials company’s stock after selling 650 shares during the period. Air Products and Chemicals makes up 1.3% of Griffin Asset Management Inc.’s holdings, making the stock its 23rd largest position. Griffin Asset Management Inc.’s holdings in Air Products and Chemicals were worth $11,076,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in Air Products and Chemicals during the 1st quarter valued at $25,000. Saudi Central Bank bought a new stake in shares of Air Products and Chemicals in the 1st quarter worth $26,000. Cheviot Value Management LLC bought a new stake in shares of Air Products and Chemicals in the 1st quarter worth $27,000. Financial Connections Group Inc. raised its stake in shares of Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after buying an additional 35 shares in the last quarter. Finally, Citizens National Bank Trust Department raised its stake 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 in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research note on Wednesday, October 1st. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Wells Fargo & Company boosted their price objective on 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. Finally, Citigroup cut their target price on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. One investment 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $330.00.

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Down 2.1%

Shares of Air Products and Chemicals stock opened at $257.28 on Monday. The stock’s fifty day moving average is $284.80 and its 200-day moving average is $280.63. The firm has a market capitalization of $57.26 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 5.33 and a beta of 0.83. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 15.11% and a net margin of 12.86%.Air Products and Chemicals’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.20 earnings per share. 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 analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s 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.