Air Products and Chemicals, Inc. $APD Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 31.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,350 shares of the basic materials company’s stock after selling 1,509 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Air Products and Chemicals were worth $988,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in APD. Dodge & Cox grew its position in shares of Air Products and Chemicals by 31.5% in the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after acquiring an additional 2,096,568 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Air Products and Chemicals by 31,752.0% in the 1st quarter. GAMMA Investing LLC now owns 1,249,871 shares of the basic materials company’s stock worth $368,612,000 after acquiring an additional 1,245,947 shares in the last quarter. Principal Financial Group Inc. grew its position 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 worth $508,962,000 after acquiring an additional 1,059,970 shares in the last quarter. Goldman Sachs Group Inc. grew its position 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 worth $425,202,000 after acquiring an additional 756,780 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $105,006,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity at Air Products and Chemicals

In other 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 value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Air Products and Chemicals Trading Up 2.4%

Shares of APD stock opened at $294.49 on Friday. 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, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The stock has a fifty day moving average of $291.87 and a two-hundred day moving average of $284.67. The firm has a market capitalization of $65.54 billion, a PE ratio of 42.37, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last announced 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. 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 during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the firm posted $3.20 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. 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, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is currently 103.02%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on APD shares. Wells Fargo & Company raised their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Royal Bank Of Canada started coverage on Air Products and Chemicals in a report on Friday, June 13th. They issued an “outperform” rating and a $355.00 price target on the stock. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley started coverage on Air Products and Chemicals in a report on Thursday, May 29th. They issued an “equal weight” rating and a $290.00 price target on the stock. Finally, UBS Group raised their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $335.07.

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.