Air Products and Chemicals, Inc. $APD Holdings Lifted by Somerset Trust Co

Somerset Trust Co boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,842 shares of the basic materials company’s stock after buying an additional 91 shares during the quarter. Somerset Trust Co’s holdings in Air Products and Chemicals were worth $3,622,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of APD. Wayfinding Financial LLC bought a new position in Air Products and Chemicals during the first quarter valued at about $25,000. Saudi Central Bank bought a new position in Air Products and Chemicals during the first quarter valued at about $26,000. Cheviot Value Management LLC bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth $27,000. Citizens National Bank Trust Department boosted its stake in shares of Air Products and Chemicals by 833.3% during 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 in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth $37,000. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling 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 stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares of the company’s stock, valued at $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised 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. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup raised their price objective on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. Mizuho raised their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Finally, Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $335.07.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $293.14 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The business has a fifty day simple moving average of $291.89 and a 200 day simple moving average of $284.30. The firm has a market cap of $65.24 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 6.57 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the firm earned $3.20 earnings per share. The business’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. As a group, sell-side analysts predict 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 given a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals’s payout ratio is currently 103.02%.

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.