Air Products and Chemicals, Inc. $APD Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,827 shares of the basic materials company's stock after selling 2,198 shares during the period. Wedge Capital Management L L P NC's holdings in Air Products and Chemicals were worth $7,567,000 at the end of the most recent reporting period.

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Several other institutional investors and hedge funds also recently added to or reduced their stakes in APD. CX Institutional boosted its stake in shares of Air Products and Chemicals by 8.3% during the 2nd quarter. CX Institutional now owns 1,696 shares of the basic materials company's stock worth $478,000 after acquiring an additional 130 shares in the last quarter. Global X Japan Co. Ltd. boosted its stake in shares of Air Products and Chemicals by 21.2% during the 2nd quarter. Global X Japan Co. Ltd. now owns 2,229 shares of the basic materials company's stock worth $629,000 after acquiring an additional 390 shares in the last quarter. Bridge Creek Capital Management LLC lifted its stake in Air Products and Chemicals by 2.8% in the 2nd quarter. Bridge Creek Capital Management LLC now owns 13,907 shares of the basic materials company's stock valued at $3,923,000 after buying an additional 380 shares in the last quarter. Thomasville National Bank lifted its stake in Air Products and Chemicals by 4.2% in the 2nd quarter. Thomasville National Bank now owns 5,688 shares of the basic materials company's stock valued at $1,604,000 after buying an additional 231 shares in the last quarter. Finally, Spring Capital Management LLC lifted its stake in Air Products and Chemicals by 2.3% in the 2nd quarter. Spring Capital Management LLC now owns 19,284 shares of the basic materials company's stock valued at $5,439,000 after buying an additional 441 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APD. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Morgan Stanley started coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price target on the stock. Argus raised Air Products and Chemicals from a "hold" rating to a "buy" rating in a research note on Friday, September 12th. UBS Group increased their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Citigroup increased their price target on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus target price of $335.07.

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Get Our Latest Stock Analysis on APD

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of the firm's 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.41% of the company's stock.

Air Products and Chemicals Price Performance

NYSE APD opened at $290.46 on Friday. 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 debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The firm has a market capitalization of $64.64 billion, a PE ratio of 41.79, a P/E/G ratio of 6.47 and a beta of 0.82. The company's 50 day simple moving average is $291.62 and its 200 day simple moving average is $283.55.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data 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 last year, the business earned $3.20 earnings per share. The business's revenue for the quarter 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. As a group, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is presently 103.02%.

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.

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