Jentner Corp Has $268,000 Stock Holdings in Air Products and Chemicals, Inc. $APD

Jentner Corp lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 9.8% in the first quarter, Holdings Channel.com reports. The fund owned 908 shares of the basic materials company’s stock after selling 99 shares during the period. Jentner Corp’s holdings in Air Products and Chemicals were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Dodge & Cox raised its stake in shares of 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 buying an additional 2,096,568 shares in the last quarter. Mantle Ridge LP bought a new stake in Air Products and Chemicals in the fourth quarter valued at about $1,191,344,000. Raymond James Financial Inc. raised its position in Air Products and Chemicals by 1.4% in the first quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company’s stock worth $913,154,000 after purchasing an additional 43,695 shares in the last quarter. Royal Bank of Canada lifted its stake in Air Products and Chemicals by 1.5% during the fourth quarter. Royal Bank of Canada now owns 2,397,210 shares of the basic materials company’s stock worth $695,287,000 after purchasing an additional 34,676 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Air Products and Chemicals by 159.2% during the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock valued at $508,962,000 after purchasing an additional 1,059,970 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the subject of a number of recent research reports. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley initiated coverage on Air Products and Chemicals in a report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 price objective for the company. Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an “outperform” rating and a $355.00 target price on the stock. Citigroup increased 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 research report on Monday, June 30th. Finally, UBS Group boosted their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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 stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $290.02 on Friday. The stock has a 50-day simple moving average of $291.56 and a 200 day simple moving average of $285.50. The stock has a market capitalization of $64.54 billion, a price-to-earnings ratio of 41.73, a P/E/G ratio of 6.50 and a beta of 0.82. 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.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the company posted $3.20 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. 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. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

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