Kennebec Savings Bank Cuts Stock Position in Air Products and Chemicals, Inc. $APD

Kennebec Savings Bank lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,635 shares of the basic materials company’s stock after selling 96 shares during the quarter. Kennebec Savings Bank’s holdings in Air Products and Chemicals were worth $461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management grew its position in shares of Air Products and Chemicals by 20.9% in the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company’s stock worth $473,000 after buying an additional 277 shares during the last quarter. West Oak Capital LLC grew its position in Air Products and Chemicals by 12.2% during the 2nd 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. grew its position in Air Products and Chemicals by 16.1% during the 2nd 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 grew its position in Air Products and Chemicals by 110.4% during the 2nd 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 grew its position in Air Products and Chemicals by 167.3% during the 2nd 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. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 1.5%

APD stock opened at $268.68 on Thursday. The firm’s fifty day simple moving average is $288.31 and its 200-day simple moving average is $282.09. The company has a market capitalization of $59.79 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 6.08 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. 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 released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company 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 $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is currently 103.02%.

Insider Activity

In related news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were 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 directly owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on APD. Wells Fargo & Company boosted 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 report on Monday, July 14th. Citigroup boosted their target price on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Mizuho boosted 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 report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $335.06.

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.