Valley National Advisers Inc. Sells 54 Shares of Air Products and Chemicals, Inc. $APD

Valley National Advisers Inc. trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,058 shares of the basic materials company’s stock after selling 54 shares during the quarter. Valley National Advisers Inc.’s holdings in Air Products and Chemicals were worth $2,272,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of APD. Brighton Jones LLC raised its position in Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $245,000. Merit Financial Group LLC boosted its stake in shares of Air Products and Chemicals by 14.8% in the 1st quarter. Merit Financial Group LLC now owns 2,824 shares of the basic materials company’s stock valued at $833,000 after purchasing an additional 365 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals during the first quarter worth $224,000. Finally, Congress Asset Management Co. raised its stake in Air Products and Chemicals by 9.9% during the first quarter. Congress Asset Management Co. now owns 8,501 shares of the basic materials company’s stock worth $2,507,000 after buying an additional 764 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of a number of recent analyst reports. 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 report on Monday, June 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a report on Saturday, September 27th. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a research report on Wednesday. Royal Bank Of Canada began 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 price objective for the company. Finally, UBS Group raised their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $335.06.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals 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 transaction, the vice president owned 8,686 shares of the company’s stock, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals Trading Up 0.2%

APD opened at $271.24 on Monday. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The firm has a market capitalization of $60.36 billion, a PE ratio of 39.03, a P/E/G ratio of 5.65 and a beta of 0.83. 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 company’s 50-day moving average is $287.22 and its 200 day moving average is $281.61.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the business posted $3.20 earnings per share. 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. As a group, research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

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 given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio 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.