Astoria Portfolio Advisors LLC. Buys 133 Shares of Air Products and Chemicals, Inc. $APD

Astoria Portfolio Advisors LLC. grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,805 shares of the basic materials company’s stock after buying an additional 133 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Air Products and Chemicals were worth $536,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Financial Connections Group Inc. lifted its holdings in Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 35 shares during the last quarter. Hamilton Capital LLC lifted its holdings in Air Products and Chemicals by 1.5% during the 1st quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 38 shares during the last quarter. DB Fitzpatrick & Co Inc lifted its holdings in Air Products and Chemicals by 1.0% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company’s stock worth $1,089,000 after purchasing an additional 38 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in Air Products and Chemicals by 2.6% in the 1st quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company’s stock valued at $454,000 after acquiring an additional 39 shares in the last quarter. Finally, Connecticut Wealth Management LLC raised its holdings in Air Products and Chemicals by 1.7% in the 1st quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company’s stock valued at $703,000 after acquiring an additional 39 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APD has been the subject of several analyst reports. Citigroup dropped their price objective 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. Wells Fargo & Company lifted 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. UBS Group dropped their price objective on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a report on Monday, October 6th. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Finally, Mizuho lifted their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $330.00.

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by corporate insiders.

Air Products and Chemicals Trading Down 2.1%

Shares of APD opened at $257.28 on Monday. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The business’s fifty day moving average is $284.80 and its 200-day moving average is $280.63. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The firm has a market cap of $57.26 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 5.33 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 (EPS) for the quarter, beating 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the company posted $3.20 EPS. The company’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. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed 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 is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.8%. Air Products and Chemicals’s payout ratio is currently 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.