Armstrong Henry H Associates Inc. Boosts Stock Holdings in Air Products and Chemicals, Inc. $APD

Armstrong Henry H Associates Inc. increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 65,218 shares of the basic materials company’s stock after buying an additional 1,430 shares during the period. Air Products and Chemicals accounts for approximately 1.7% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 6th biggest holding. Armstrong Henry H Associates Inc.’s holdings in Air Products and Chemicals were worth $18,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of APD. Wayfinding Financial LLC purchased a new position in Air Products and Chemicals in the first quarter worth about $25,000. Saudi Central Bank purchased a new position in shares of Air Products and Chemicals during the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new position in shares of Air Products and Chemicals during the first quarter valued at approximately $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 last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Air Products and Chemicals during the first quarter valued at approximately $37,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by company insiders.

Air Products and Chemicals Stock Performance

APD opened at $293.14 on Friday. The stock has a market capitalization of $65.24 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 6.57 and a beta of 0.82. The company has a fifty day moving average of $291.89 and a 200 day moving average of $284.30. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. 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 (NYSE:APD) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.10. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company 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 forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 103.02%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Wells Fargo & Company upped their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Mizuho increased their price objective on shares of 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, Morgan Stanley initiated coverage on shares of Air Products and Chemicals in a research note on Thursday, May 29th. They issued an “equal weight” rating and a $290.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $335.07.

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.