8,496 Shares in Air Products and Chemicals, Inc. $APD Purchased by McElhenny Sheffield Capital Management LLC

Key Points

• McElhenny Sheffield Capital Management LLC purchased 8,496 shares of Air Products and Chemicals, Inc. valued at approximately $2.4 million during the 2nd quarter.
• Air Products reported an EPS of $3.09 for the last quarter, exceeding analysts' expectations of $2.99, and its quarterly revenue increased by 1.2% year-over-year.
• The company announced a quarterly dividend of $1.79 per share, reflecting an annual yield of 2.7% and a payout ratio of 103.02%.

McElhenny Sheffield Capital Management LLC acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,496 shares of the basic materials company's stock, valued at approximately $2,396,000.

Several other hedge funds also recently bought and sold shares of APD. Brighton Jones LLC increased its position in Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after purchasing an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new position in Air Products and Chemicals in the 4th quarter worth about $245,000. Wedmont Private Capital increased its position in Air Products and Chemicals by 8.3% in the 1st quarter. Wedmont Private Capital now owns 1,834 shares of the basic materials company's stock worth $493,000 after purchasing an additional 140 shares during the last quarter. Daymark Wealth Partners LLC increased its position in Air Products and Chemicals by 19.5% in the 1st quarter. Daymark Wealth Partners LLC now owns 2,692 shares of the basic materials company's stock worth $794,000 after purchasing an additional 439 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals during the 1st quarter valued at about $1,710,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $268.71 on Thursday. The business has a 50 day moving average price of $285.81 and a 200 day moving average price of $281.30. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a market cap of $59.80 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 5.63 and a beta of 0.83. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the company earned $3.20 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. Air Products and Chemicals has set its FY 2025 guidance at 11.900-12.100 EPS. Q4 2025 guidance at 3.270-3.470 EPS. Research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.7%. Air Products and Chemicals's payout ratio is 103.02%.

Insider Activity at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the sale, the vice president directly owned 8,686 shares of the company's stock, valued at $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on APD. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Argus raised Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday, September 12th. Wall Street Zen raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Mizuho upped their price objective on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $330.00.

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.

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