Trust Co of the South Purchases 98 Shares of Air Products and Chemicals, Inc. $APD

Trust Co of the South boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,395 shares of the basic materials company’s stock after acquiring an additional 98 shares during the quarter. Trust Co of the South’s holdings in Air Products and Chemicals were worth $393,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in Air Products and Chemicals in the 1st quarter valued at $25,000. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth about $26,000. Cheviot Value Management LLC acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth about $27,000. Citizens National Bank Trust Department increased its stake in shares of Air Products and Chemicals by 833.3% during the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth about $37,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $293.14 on Friday. The company has a 50 day moving average of $291.89 and a 200 day moving average of $284.51. The stock has a market cap of $65.24 billion, a P/E ratio of 42.18, a P/E/G ratio of 6.57 and a beta of 0.82. 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.

Air Products and Chemicals (NYSE:APD) last released 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 business 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 business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter 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. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is presently 103.02%.

Insider Buying and Selling

In related news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction 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 $2,539,612.68. This represents a 13.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on APD shares. UBS Group upped 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 note on Wednesday, July 9th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Mizuho increased their price objective on shares of 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. Wells Fargo & Company increased their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, Citigroup raised their price target on shares of 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 research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $335.07.

Air Products and Chemicals 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.