Crumly & Associates Inc. Reduces Holdings in Air Products and Chemicals, Inc. $APD

Crumly & Associates Inc. trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 794 shares of the basic materials company’s stock after selling 74 shares during the period. Crumly & Associates Inc.’s holdings in Air Products and Chemicals were worth $224,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $27,000. Citizens National Bank Trust Department increased 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 purchasing an additional 100 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $37,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Down 0.5%

Shares of APD opened at $293.14 on Friday. The firm has a market cap of $65.24 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 6.57 and a beta of 0.82. The company’s fifty day moving average is $291.89 and its two-hundred day moving average is $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 quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

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, beating 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 net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $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. Analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on APD shares. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their target price on shares of 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. Mizuho lifted 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 research note on Tuesday, July 15th. UBS Group lifted their target price on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an “outperform” rating and a $355.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $335.07.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals 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 transaction, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.