AQR Capital Management LLC Has $5.20 Million Stock Position in Air Products and Chemicals, Inc. $APD

AQR Capital Management LLC increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 58.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,833 shares of the basic materials company’s stock after acquiring an additional 6,589 shares during the period. AQR Capital Management LLC’s holdings in Air Products and Chemicals were worth $5,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in APD. Wayfinding Financial LLC acquired a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $25,000. Saudi Central Bank acquired a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $27,000. Citizens National Bank Trust Department raised its holdings in shares of Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Finally, 1248 Management LLC acquired a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of analyst reports. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday. Citigroup increased 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 note on Monday, June 30th. UBS Group increased their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Wells Fargo & Company increased 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 note on Monday, July 14th. Finally, Mizuho increased their price objective on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $335.07.

Insider Buying and Selling

In related news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction that occurred 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 directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Down 0.5%

Air Products and Chemicals stock opened at $293.14 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The firm has a 50 day moving average price of $291.89 and a 200-day moving average price of $284.51. The company has a market capitalization of $65.24 billion, a P/E ratio of 42.18, a P/E/G ratio of 6.57 and a beta of 0.82. 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 released its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors 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 annualized dividend and a yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is 103.02%.

About Air Products and Chemicals

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.