Rep. Jefferson Shreve Purchases Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Air Products and Chemicals, Inc. (NYSE:APD). In a filing disclosed on March 09th, the Representative disclosed that they had bought between $15,001 and $50,000 in Air Products and Chemicals stock on February 24th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Royal Gold (NASDAQ:RGLD) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of QUALCOMM (NASDAQ:QCOM) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 2/24/2025.
• Sold $15,001 – $50,000 in shares of Norfolk Southern (NYSE:NSC) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of CoStar Group (NASDAQ:CSGP) on 2/24/2025.
• Purchased $50,001 – $100,000 in shares of AbbVie (NYSE:ABBV) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of The Cigna Group (NYSE:CI) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 2/24/2025.

Air Products and Chemicals Trading Down 4.0 %

APD stock opened at $303.83 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 12-month low of $227.53 and a 12-month high of $341.14. The stock has a market cap of $67.59 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 3.07 and a beta of 0.85. The business’s 50-day moving average is $311.93 and its 200 day moving average is $307.64.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.36%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is presently 41.58%.

Insider Transactions at Air Products and Chemicals

In other news, VP Sean D. Major sold 4,500 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $315.46, for a total transaction of $1,419,570.00. Following the sale, the vice president now owns 14,273 shares of the company’s stock, valued at approximately $4,502,560.58. This represents a 23.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Melissa N. Schaeffer sold 3,233 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $307.32, for a total transaction of $993,565.56. Following the transaction, the chief financial officer now owns 10,680 shares of the company’s stock, valued at approximately $3,282,177.60. The trade was a 23.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,500 shares of company stock valued at $4,842,604. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

APD has been the topic of several recent research reports. UBS Group boosted their target price on Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. BMO Capital Markets cut Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Wells Fargo & Company upped their price objective on Air Products and Chemicals from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, BNP Paribas upgraded Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $343.53.

Institutional Trading of Air Products and Chemicals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC purchased a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $132,000. Smith Shellnut Wilson LLC ADV raised its position in Air Products and Chemicals by 11.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 1,456 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 153 shares during the period. Total Wealth Planning & Management Inc. purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth $367,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth $37,812,000. Finally, Azzad Asset Management Inc. ADV increased its position in shares of Air Products and Chemicals by 3.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 14,065 shares of the basic materials company’s stock worth $4,079,000 after acquiring an additional 498 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.