Mitchell Sinkler & Starr PA Sells 27,474 Shares of Air Products and Chemicals, Inc. $APD

Mitchell Sinkler & Starr PA reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 89.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,369 shares of the basic materials company’s stock after selling 27,474 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Air Products and Chemicals were worth $950,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APD. Dodge & Cox lifted its position in Air Products and Chemicals by 31.5% in the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock valued at $2,583,417,000 after acquiring an additional 2,096,568 shares in the last quarter. Principal Financial Group Inc. lifted its position in Air Products and Chemicals by 159.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock worth $508,962,000 after buying an additional 1,059,970 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Air Products and Chemicals by 110.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock worth $425,202,000 after buying an additional 756,780 shares in the last quarter. Electron Capital Partners LLC lifted its position in Air Products and Chemicals by 251.4% during the 1st quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company’s stock worth $91,917,000 after buying an additional 222,980 shares in the last quarter. Finally, Strs Ohio bought a new stake in Air Products and Chemicals during the 1st quarter worth about $42,661,000. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the transaction, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on APD shares. Mizuho boosted their price target 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. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a research report on Wednesday, October 1st. Wells Fargo & Company boosted their price target 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. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Finally, Citigroup dropped their target price on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $330.00.

Air Products and Chemicals Stock Down 2.1%

Shares of APD stock opened at $257.28 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The firm’s 50-day moving average is $284.80 and its 200-day moving average is $280.74. The stock has a market cap of $57.26 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 5.33 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.

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, beating analysts’ consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the business earned $3.20 EPS. Air Products and Chemicals’s quarterly revenue was up 1.2% on a year-over-year basis. 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. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.8%. Air Products and Chemicals’s dividend payout ratio is 103.02%.

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.