Air Products and Chemicals, Inc. $APD Shares Acquired by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its stake in Air Products and Chemicals by 128.2%, now holding 8,424 shares valued at approximately $2.4 million.
• Air Products and Chemicals reported earnings of $3.09 EPS for the last quarter, beating estimates and showing a 1.2% revenue increase year-over-year.
• The company declared a quarterly dividend of $1.79 per share, with a scheduled payment date of November 10th and a yield of 2.6%.

Simplicity Wealth LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 128.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,424 shares of the basic materials company's stock after purchasing an additional 4,733 shares during the period. Simplicity Wealth LLC's holdings in Air Products and Chemicals were worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in shares of Air Products and Chemicals in the 1st quarter valued at about $25,000. Saudi Central Bank acquired a new stake in Air Products and Chemicals in the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new stake in shares of Air Products and Chemicals in the first quarter valued at approximately $27,000. Citizens National Bank Trust Department raised its stake in shares of Air Products and Chemicals by 833.3% during the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after buying an additional 100 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in Air Products and Chemicals in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, the vice president owned 8,686 shares of the company's stock, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APD. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Argus raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a research note on Friday, September 12th. UBS Group boosted their price objective on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Mizuho raised their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of "Moderate Buy" and a consensus price target of $335.06.

Air Products and Chemicals Trading Up 0.2%

APD opened at $271.24 on Monday. The firm has a market capitalization of $60.36 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.83. The company's 50 day simple moving average is $287.22 and its two-hundred day simple moving average is $281.61. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.20 earnings per share. 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. Analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.6%. Air Products and Chemicals's dividend payout ratio is 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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