Air Products and Chemicals, Inc. $APD Position Increased by Revisor Wealth Management LLC

Key Points

• Revisor Wealth Management LLC significantly increased its stake in Air Products and Chemicals by 110.4% during the 2nd quarter, now owning shares worth approximately $966,000.
• Several institutional investors, including Dodge & Cox and Principal Financial Group, have also notably raised their stakes in the company, reflecting strong investor interest.
• Air Products and Chemicals recently announced a quarterly dividend of $1.79, which will be paid on November 10th, with an annualized dividend yield of 2.5%.

Revisor Wealth Management LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 110.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,265 shares of the basic materials company's stock after purchasing an additional 1,713 shares during the period. Revisor Wealth Management LLC's holdings in Air Products and Chemicals were worth $966,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in APD. Dodge & Cox increased its stake in Air Products and Chemicals by 31.5% during the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company's stock valued at $2,583,417,000 after purchasing an additional 2,096,568 shares during the last quarter. GAMMA Investing LLC increased its stake in Air Products and Chemicals by 31,752.0% during the first quarter. GAMMA Investing LLC now owns 1,249,871 shares of the basic materials company's stock valued at $368,612,000 after purchasing an additional 1,245,947 shares during the last quarter. Principal Financial Group Inc. increased its stake in Air Products and Chemicals by 159.2% during the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock valued at $508,962,000 after purchasing an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Air Products and Chemicals by 110.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company's stock worth $425,202,000 after acquiring an additional 756,780 shares during the last quarter. Finally, Electron Capital Partners LLC grew its position in shares of Air Products and Chemicals by 251.4% during the first quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company's stock worth $91,917,000 after acquiring an additional 222,980 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APD. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. UBS Group upped their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley began coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price target for the company. Citigroup upped their price target on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Finally, Royal Bank Of Canada began coverage on shares of Air Products and Chemicals in a research report on Friday, June 13th. They set an "outperform" rating and a $355.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $335.07.

Insider Buying and Selling at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This represents a 13.53% decrease in their position. 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 owned by corporate insiders.

Air Products and Chemicals Price Performance

APD stock opened at $287.98 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The firm has a market capitalization of $64.09 billion, a PE ratio of 41.44, a P/E/G ratio of 6.47 and a beta of 0.82. The firm has a 50-day moving average of $291.56 and a two-hundred day moving average of $283.16.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the firm earned $3.20 earnings per share. The business'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. On average, analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be issued a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. Air Products and Chemicals's dividend payout ratio is currently 103.02%.

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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