Chelsea Counsel Co. Sells 300 Shares of Air Products and Chemicals, Inc. $APD

Chelsea Counsel Co. decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,932 shares of the basic materials company’s stock after selling 300 shares during the period. Chelsea Counsel Co.’s holdings in Air Products and Chemicals were worth $827,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth $25,000. Saudi Central Bank bought a new stake in shares of Air Products and Chemicals during the 1st quarter valued at $26,000. Cheviot Value Management LLC bought a new stake in Air Products and Chemicals in the 1st quarter valued at $27,000. Citizens National Bank Trust Department increased its holdings in Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new stake in Air Products and Chemicals in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on APD shares. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Citigroup lifted 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 report on Monday, June 30th. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They issued an “outperform” rating and a $355.00 price target on the stock. Finally, Mizuho boosted their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.06.

Insider Activity

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $272.82 on Wednesday. The stock has a market cap of $60.72 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 6.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The firm has a 50-day moving average of $288.90 and a two-hundred day moving average of $282.18.

Air Products and Chemicals (NYSE:APD) last posted its 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 company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the prior year, the company posted $3.20 earnings per share. Air Products and Chemicals’s revenue for the quarter 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 forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.6%. Air Products and Chemicals’s dividend payout ratio is presently 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.