Air products & chemicals exec vice president sells $993,565 in stock

Melissa N. Schaeffer, Executive Vice President and CFO of Air Products & Chemicals, Inc. (NYSE:APD), recently sold a significant portion of the company’s common stock. According to a filing with the Securities and Exchange Commission, Schaeffer disposed of 3,233 shares on February 10 at an average price of $307.32 per share. The sale amounted to approximately $993,565. Following this transaction, Schaeffer now directly owns 10,680 shares of the company. The sale price per share ranged between $306.92 and $307.74. The stock, which currently trades at a P/E ratio of 18, has demonstrated low price volatility according to InvestingPro analysis, which rates the company’s overall financial health as "GOOD" based on comprehensive metrics and indicators.

In other recent news, Air Products & Chemicals Inc. has been the subject of various analyst adjustments and internal developments. BMO Capital Markets downgraded the company’s stock from Outperform to Market Perform and reduced the price target to $346, citing concerns over the company’s financial targets for fiscal year 2025. Similarly, JPMorgan downgraded the company’s stock from ’Overweight’ to ’Neutral’ and lowered the price target to $320 due to potential risks in earnings growth.

Air Products reported first-quarter earnings per share (EPS) of $2.86, slightly above analyst expectations, but revenues fell short at $2.93 billion. The company’s second-quarter forecast and full fiscal year 2025 guidance did not meet consensus estimates, leading to a cautious outlook from analysts.

The company announced amendments to its corporate bylaws and appointed Wayne T. Smith as its Chairman and Dennis H. Reilley as its Vice Chairman. These changes are part of a broader effort to enhance the company’s governance framework.

In contrast, UBS analyst Joshua Spector increased the price target for Air Products to $385 from the previous $375 while maintaining a Buy rating. Spector expects positive catalysts to bolster investor confidence in the company’s earnings, growth, and execution capabilities. These recent developments reflect the dynamic environment surrounding Air Products as it navigates through various challenges and opportunities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.