Air Products and Chemicals, Inc. $APD Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.3% in the second quarter, HoldingsChannel.com reports. The firm owned 110,653 shares of the basic materials company’s stock after selling 2,626 shares during the quarter. Vontobel Holding Ltd.’s holdings in Air Products and Chemicals were worth $31,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System boosted its holdings in shares of Air Products and Chemicals by 4.0% in the second quarter. Maryland State Retirement & Pension System now owns 10,797 shares of the basic materials company’s stock valued at $3,045,000 after acquiring an additional 419 shares during the period. H&H Retirement Design & Management INC boosted its holdings in shares of Air Products and Chemicals by 3.1% in the second quarter. H&H Retirement Design & Management INC now owns 1,325 shares of the basic materials company’s stock valued at $389,000 after acquiring an additional 40 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Air Products and Chemicals by 4.6% in the second quarter. KLP Kapitalforvaltning AS now owns 80,353 shares of the basic materials company’s stock valued at $22,664,000 after acquiring an additional 3,500 shares during the period. Tyche Wealth Partners LLC boosted its holdings in shares of Air Products and Chemicals by 9.6% in the second quarter. Tyche Wealth Partners LLC now owns 3,895 shares of the basic materials company’s stock valued at $1,099,000 after acquiring an additional 340 shares during the period. Finally, Bingham Private Wealth LLC boosted its holdings in shares of Air Products and Chemicals by 26.0% in the second quarter. Bingham Private Wealth LLC now owns 949 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 196 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APD. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a report on Wednesday, October 1st. Royal Bank Of Canada began coverage on Air Products and Chemicals in a report on Friday, June 13th. They issued an “outperform” rating and a $355.00 price objective for the company. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.00.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $262.30 on Friday. 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 stock has a fifty day moving average price of $285.29 and a 200 day moving average price of $281.09. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The company has a market cap of $58.38 billion, a PE ratio of 37.74, a P/E/G ratio of 5.59 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $3.20 earnings per share. 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. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.7%. Air Products and Chemicals’s dividend payout ratio is presently 103.02%.

Insider Transactions at Air Products and Chemicals

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 completion of the transaction, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.