Candriam S.C.A. Sells 6,144 Shares of Air Products and Chemicals, Inc. $APD

Candriam S.C.A. trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,664 shares of the basic materials company’s stock after selling 6,144 shares during the period. Candriam S.C.A.’s holdings in Air Products and Chemicals were worth $19,661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in Air Products and Chemicals in the 1st quarter valued at $25,000. Cheviot Value Management LLC bought a new stake in Air Products and Chemicals in the 1st quarter valued at $27,000. Citizens National Bank Trust Department increased its holdings in Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Air Products and Chemicals by 525.9% in the 4th quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 142 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Air Products and Chemicals by 3,560.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 183 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 178 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wells Fargo & Company lifted their price target 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 upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. 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 report on Monday, June 30th. Morgan Stanley began coverage on shares of 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. Finally, Royal Bank Of Canada initiated coverage on shares of 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 investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $335.07.

Air Products and Chemicals Price Performance

APD stock opened at $292.3830 on Thursday. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $288.16 and a 200 day moving average price of $287.52. The stock has a market cap of $65.07 billion, a PE ratio of 42.07, a P/E/G ratio of 6.47 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) 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%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company 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. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be given a $1.79 dividend. 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 payout ratio is 103.02%.

Insider Activity at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction that occurred 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 directly owned 8,686 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 0.41% of the company’s stock.

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.