NBT Bank N A NY Has $2.36 Million Position in Air Products and Chemicals, Inc. $APD

NBT Bank N A NY lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 7.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,365 shares of the basic materials company’s stock after selling 663 shares during the quarter. NBT Bank N A NY’s holdings in Air Products and Chemicals were worth $2,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dodge & Cox increased its stake in shares of Air Products and Chemicals by 31.5% in the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock valued at $2,583,417,000 after buying an additional 2,096,568 shares during the period. Raymond James Financial Inc. increased its stake in shares of Air Products and Chemicals by 1.4% in the first quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company’s stock valued at $913,154,000 after buying an additional 43,695 shares during the period. Principal Financial Group Inc. increased its stake in shares of Air Products and Chemicals by 159.2% in the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock valued at $508,962,000 after buying an additional 1,059,970 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Air Products and Chemicals by 110.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock valued at $425,202,000 after buying an additional 756,780 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Air Products and Chemicals by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company’s stock valued at $385,698,000 after buying an additional 19,237 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity

In related news, VP Victoria Brifo sold 1,359 shares of the 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 transaction, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $268.71 on Thursday. The stock has a market capitalization of $59.80 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 5.63 and a beta of 0.83. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The stock’s 50 day moving average price is $285.81 and its two-hundred day moving average price is $281.30. 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 quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion for 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%.The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior 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. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented on APD shares. Wells Fargo & Company upped their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Citigroup reduced their target price on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a report on Monday. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a report on Wednesday, October 1st. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Finally, Royal Bank Of Canada started coverage on Air Products and Chemicals in a report on Friday, June 13th. They issued an “outperform” rating and a $355.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

About Air Products and Chemicals

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.