Rep. Jefferson Shreve Sells Air Products and Chemicals, Inc. (NYSE:APD) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Air Products and Chemicals, Inc. (NYSE:APD). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Air Products and Chemicals stock on March 31st. 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 Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Air Products and Chemicals Trading Down 2.6 %

Shares of APD stock traded down $7.13 on Tuesday, hitting $265.45. 1,305,256 shares of the company’s stock traded hands, compared to its average volume of 1,492,009. The stock has a market capitalization of $59.06 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 3.07 and a beta of 0.89. The company’s fifty day simple moving average is $296.87 and its 200 day simple moving average is $307.49. Air Products and Chemicals, Inc. has a one year low of $227.53 and a one year high of $341.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change 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%.

Hedge Funds Weigh In On Air Products and Chemicals

A number of institutional investors have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its position in Air Products and Chemicals by 3.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,934 shares of the basic materials company’s stock valued at $1,473,000 after acquiring an additional 162 shares during the period. Toronto Dominion Bank increased its stake in shares of Air Products and Chemicals by 1.3% during the third quarter. Toronto Dominion Bank now owns 109,830 shares of the basic materials company’s stock valued at $32,701,000 after purchasing an additional 1,456 shares in the last quarter. Arete Wealth Advisors LLC purchased a new position in shares of Air Products and Chemicals during the third quarter valued at approximately $847,000. TD Private Client Wealth LLC boosted its position in shares of Air Products and Chemicals by 39.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,973 shares of the basic materials company’s stock worth $1,183,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Chelsea Counsel Co. grew its stake in shares of Air Products and Chemicals by 1.5% in the 3rd quarter. Chelsea Counsel Co. now owns 3,377 shares of the basic materials company’s stock worth $1,005,000 after buying an additional 50 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Activity at Air Products and Chemicals

In related news, VP Victoria Brifo sold 2,362 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $315.82, for a total transaction of $745,966.84. Following the sale, the vice president now directly owns 10,045 shares of the company’s stock, valued at approximately $3,172,411.90. This represents a 19.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sean D. Major sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock valued at $4,842,604 in the last 90 days. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

APD has been the subject of several recent research reports. Citigroup lowered their price objective on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $320.00 price target (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. BMO Capital Markets lowered shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. BNP Paribas raised shares of Air Products and Chemicals to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, Barclays cut their target price on Air Products and Chemicals from $365.00 to $355.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target of $332.18.

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 editor@ballotpedia.org 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.

Air Products and Chemicals Company Profile

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.