Titleist Asset Management LLC Sells 128 Shares of Air Products and Chemicals, Inc. $APD

Titleist Asset Management LLC trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,821 shares of the basic materials company’s stock after selling 128 shares during the period. Titleist Asset Management LLC’s holdings in Air Products and Chemicals were worth $537,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Baird Financial Group Inc. boosted its stake in Air Products and Chemicals by 1.9% during the 1st quarter. Baird Financial Group Inc. now owns 127,365 shares of the basic materials company’s stock valued at $37,562,000 after purchasing an additional 2,419 shares during the period. Vident Advisory LLC boosted its stake in Air Products and Chemicals by 38.8% during the 1st quarter. Vident Advisory LLC now owns 7,278 shares of the basic materials company’s stock valued at $2,147,000 after purchasing an additional 2,033 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Air Products and Chemicals by 0.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 133,751 shares of the basic materials company’s stock valued at $39,446,000 after purchasing an additional 712 shares during the period. GKV Capital Management Co. Inc. bought a new stake in Air Products and Chemicals during the 1st quarter valued at approximately $231,000. Finally, WPG Advisers LLC bought a new stake in Air Products and Chemicals during the 1st quarter valued at approximately $55,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Down 0.3%

Shares of APD opened at $294.20 on Friday. The stock has a market cap of $65.47 billion, a price-to-earnings ratio of 42.33, a P/E/G ratio of 6.56 and a beta of 0.81. 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, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The company has a 50-day moving average price of $290.60 and a two-hundred day moving average price of $285.96.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The firm 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 company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.20 earnings per share. 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 analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm 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 dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 103.02%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Mizuho increased their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research note on Friday, June 13th. They set an “outperform” rating and a $355.00 target price for the company. UBS Group boosted their price target 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. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Citigroup boosted their price target on Air Products and Chemicals from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $335.07.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. 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 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.