Trust Co. of Toledo NA OH Sells 287 Shares of Air Products and Chemicals, Inc. $APD

Trust Co. of Toledo NA OH cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,966 shares of the basic materials company’s stock after selling 287 shares during the period. Trust Co. of Toledo NA OH’s holdings in Air Products and Chemicals were worth $2,529,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Dodge & Cox grew its holdings in Air Products and Chemicals by 31.5% during 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 purchasing an additional 2,096,568 shares during the last quarter. Raymond James Financial Inc. raised its position in Air Products and Chemicals by 1.4% in the 1st 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 during the period. Principal Financial Group Inc. raised its position in Air Products and Chemicals by 159.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock worth $508,962,000 after purchasing an additional 1,059,970 shares during the period. Goldman Sachs Group Inc. raised its position in Air Products and Chemicals by 110.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock worth $425,202,000 after purchasing an additional 756,780 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Air Products and Chemicals by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company’s stock worth $385,698,000 after purchasing an additional 19,237 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of APD opened at $257.28 on Friday. The company has a 50 day moving average of $284.80 and a two-hundred day moving average of $280.83. The company has a market cap of $57.26 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 5.45 and a beta of 0.83. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. 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 (NYSE:APD) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (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% on a year-over-year basis. During the same quarter last year, the company posted $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. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.8%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 103.02%.

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.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Citigroup reduced their price objective on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada initiated 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. Finally, The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $330.00.

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.