Air Products and Chemicals, Inc. $APD Shares Sold by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,142 shares of the basic materials company’s stock after selling 149 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $604,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ritholtz Wealth Management boosted its holdings in shares of Air Products and Chemicals by 20.9% in the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company’s stock valued at $473,000 after acquiring an additional 277 shares during the period. West Oak Capital LLC raised its stake in shares of Air Products and Chemicals by 12.2% during the second quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock worth $3,050,000 after purchasing an additional 1,180 shares during the last quarter. Chapin Davis Inc. raised its stake in shares of Air Products and Chemicals by 16.1% during the second quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock worth $3,147,000 after purchasing an additional 1,551 shares during the last quarter. Revisor Wealth Management LLC raised its stake in shares of Air Products and Chemicals by 110.4% during the second quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Norden Group LLC raised its stake in shares of Air Products and Chemicals by 167.3% during the second quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock worth $1,636,000 after purchasing an additional 3,630 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction on 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 transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

APD has been the subject of several analyst reports. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research note on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday. Mizuho upped their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Citigroup cut their price target on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Trading Down 2.1%

NYSE:APD opened at $257.28 on Friday. The stock has a fifty day moving average price of $284.80 and a two-hundred day moving average price of $280.74. The stock has a market capitalization of $57.26 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 5.33 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations 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 was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, sell-side analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be given a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.8%. Air Products and Chemicals’s dividend payout ratio (DPR) 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.