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In a recent transaction filed with the Securities and Exchange Commission, Brifo Victoria, the Executive Vice President and Chief Human Resources Officer of Air Products & Chemicals, Inc. (NYSE:APD), sold 2,362 shares of common stock. The sale, which took place on February 18, 2025, was executed at a price range between $315.73 and $315.85 per share, amounting to a total value of $745,966.
Following this transaction, Victoria holds 10,045 shares directly. Additionally, there are 84 shares held indirectly by a retirement savings plan. This move is part of the regular trading activities of company executives, providing insights into insider sentiment. Notably, Air Products & Chemicals has maintained dividend payments for 55 consecutive years, demonstrating strong financial stability. InvestingPro subscribers can access detailed insider trading patterns, comprehensive financial health scores, and 8 additional key insights about APD’s market position.
In other recent news, Air Products & Chemicals Inc. reported first-quarter earnings per share (EPS) of $2.86, slightly surpassing analyst expectations of $2.85, but its revenue of $2.93 billion fell short of the $2.96 billion consensus estimate. The company also provided second-quarter guidance with an adjusted EPS range of $2.75 to $2.85, below the $3.07 consensus estimate, while maintaining its full-year fiscal 2025 EPS guidance between $12.70 and $13.00. Jefferies analyst Laurence Alexander raised the price target for Air Products to $417 from $390, maintaining a Buy rating, citing expectations for strategic updates and risk mitigation efforts. Conversely, BMO Capital Markets downgraded the stock from Outperform to Market Perform, lowering the price target to $346 due to underwhelming first-quarter performance and modest second-quarter forecasts. JPMorgan also downgraded Air Products from Overweight to Neutral, reducing the price target to $320, pointing to potential risks in earnings growth and currency impacts. Additionally, Air Products updated its corporate bylaws, introducing the role of Vice Chairman of the Board, with Wayne T. Smith appointed as Chairman and Dennis H. Reilley as Vice Chairman. These developments are part of the company’s efforts to enhance its governance framework.
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