SouthState Corp Has $252,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

SouthState Corp increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 13.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 855 shares of the basic materials company’s stock after acquiring an additional 103 shares during the quarter. SouthState Corp’s holdings in Air Products and Chemicals were worth $252,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $715,000. Ritholtz Wealth Management grew its stake 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 valued at $473,000 after purchasing an additional 277 shares during the period. Mantle Ridge LP bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $1,191,344,000. GAMMA Investing LLC grew its stake in shares of Air Products and Chemicals by 8.0% in the 1st quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company’s stock valued at $1,250,000 after purchasing an additional 314 shares during the period. Finally, Capital International Investors bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $436,636,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the topic of several analyst reports. UBS Group upped their price objective on Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Morgan Stanley started coverage on Air Products and Chemicals in a report on Thursday, May 29th. They issued an “equal weight” rating and a $290.00 target price on the stock. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Barclays reduced their target price on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Finally, Bank of America downgraded Air Products and Chemicals from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $335.07.

Air Products and Chemicals Stock Performance

APD stock opened at $284.05 on Tuesday. The business’s fifty day moving average is $286.70 and its 200-day moving average is $288.85. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The company has a market cap of $63.21 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 6.44 and a beta of 0.81. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping 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 return on equity of 15.11% and a net margin of 12.86%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.20 EPS. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 103.02%.

Insider Activity

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the sale, the vice president owned 8,686 shares of the company’s stock, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

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.