IFP Advisors Inc Has $904,000 Position in Air Products and Chemicals, Inc. $APD

IFP Advisors Inc lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 13.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,204 shares of the basic materials company’s stock after selling 511 shares during the period. IFP Advisors Inc’s holdings in Air Products and Chemicals were worth $904,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Dodge & Cox boosted its stake in Air Products and Chemicals by 31.5% during the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after buying an additional 2,096,568 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of 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 valued at $913,154,000 after purchasing an additional 43,695 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of 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 valued at $508,962,000 after purchasing an additional 1,059,970 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $425,202,000 after purchasing an additional 756,780 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $385,698,000 after purchasing an additional 19,237 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $260.53 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $57.98 billion, a P/E ratio of 37.49, a P/E/G ratio of 5.33 and a beta of 0.83. The business has a 50-day moving average price of $284.27 and a two-hundred day moving average price of $280.41. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its quarterly 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. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.Air Products and Chemicals’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $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. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid 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 2.7%. Air Products and Chemicals’s dividend payout ratio is 103.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price 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. 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. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Citigroup cut their price target on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a report on Monday, October 6th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $330.00.

Insider Activity at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction dated 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 sale, the vice president directly owned 8,686 shares of the company’s stock, valued at $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

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.