Francesco Maione, President of the Americas at Air Products & Chemicals, Inc. (NYSE:APD), has recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Maione sold 2,016 shares of common stock at a price ranging from $305.685 to $306.00 per share. This transaction, conducted on February 10, 2025, resulted in a total sale value of approximately $616,896.
Following this transaction, Maione retains ownership of 3,834 shares in the company. The sale was executed as a direct transaction, as indicated in the filing. The $68.7 billion market cap company maintains a solid 2.31% dividend yield and has maintained dividend payments for 55 consecutive years. InvestingPro subscribers can access additional insights, including 12 key investment tips and a comprehensive Pro Research Report, offering deeper analysis of APD’s financial health and growth prospects.
In other recent news, Air Products & Chemicals Inc. has been the focus of several major developments. Following the company’s first-quarter financial results and outlook, BMO Capital Markets downgraded the stock from Outperform to Market Perform and reduced the price target to $346. JPMorgan (NYSE:JPM) analysts also downgraded the stock to ’Neutral’ and lowered the price target to $320, citing potential risks in the company’s earnings growth.
The company reported first-quarter earnings per share (EPS) of $2.86, marginally above the analyst estimate, but revenues fell short at $2.93 billion. For the second quarter of fiscal 2025, Air Products forecasts an adjusted EPS range of $2.75 to $2.85, which is below the consensus estimate.
In terms of governance, Air Products announced amendments to its corporate bylaws and changes in its board leadership structure. The Board appointed Wayne T. Smith as its Chairman and Dennis H. Reilley as its Vice Chairman, reflecting the company’s commitment to effective board operations.
In contrast, UBS analyst Joshua Spector increased the price target for Air Products to $385 from the previous $375 while maintaining a Buy rating for the stock. Spector anticipates a range of positive catalysts that could bolster investor confidence in the company’s earnings, growth, and execution capabilities. These recent developments highlight the evolving landscape for Air Products as it navigates through its financial and governance changes.
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