Air Products and Chemicals, Inc. $APD Shares Sold by Eliot Finkel Investment Counsel LLC

Eliot Finkel Investment Counsel LLC cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,795 shares of the basic materials company’s stock after selling 390 shares during the period. Air Products and Chemicals accounts for 4.1% of Eliot Finkel Investment Counsel LLC’s holdings, making the stock its 9th largest position. Eliot Finkel Investment Counsel LLC’s holdings in Air Products and Chemicals were worth $6,430,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Dodge & Cox raised its position in shares of Air Products and Chemicals by 31.5% in the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock valued at $2,583,417,000 after buying an additional 2,096,568 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Air Products and Chemicals by 159.2% in the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock valued at $508,962,000 after buying an additional 1,059,970 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Air Products and Chemicals by 110.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock valued at $425,202,000 after buying an additional 756,780 shares in the last quarter. Electron Capital Partners LLC raised its position in shares of Air Products and Chemicals by 251.4% in the first quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company’s stock valued at $91,917,000 after buying an additional 222,980 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Air Products and Chemicals in the first quarter valued at approximately $42,661,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APD has been the subject of a number of analyst reports. Mizuho lifted their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Citigroup boosted their price objective on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, June 30th. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Saturday, September 27th. Wells Fargo & Company boosted their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Finally, Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given 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 $335.06.

Air Products and Chemicals Stock Performance

NYSE APD opened at $271.24 on Friday. The firm’s fifty day moving average price is $287.22 and its two-hundred day moving average price is $281.69. The stock has a market cap of $60.36 billion, a PE ratio of 39.03, a PEG ratio of 5.65 and a beta of 0.83. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion for 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 company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is presently 103.02%.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction 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 sale, the vice president owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

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.