CW Advisors LLC Increases Position in Air Products and Chemicals, Inc. $APD

Key Points

• CW Advisors LLC increased its stake in Air Products and Chemicals by 19.3%, holding 19,115 shares valued at approximately $5.6 million as of its latest SEC filing.
• The company reported $3.09 EPS for the last quarter, exceeding analysts' expectations, and a revenue of $3.02 billion, marking a 1.2% increase from the previous year.
• Air Products and Chemicals declared a quarterly dividend of $1.79 per share, which will be paid on November 10, representing a yield of 2.4% and a payout ratio of 103.02%.

CW Advisors LLC boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,115 shares of the basic materials company's stock after acquiring an additional 3,091 shares during the period. CW Advisors LLC's holdings in Air Products and Chemicals were worth $5,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new position in Air Products and Chemicals during the fourth quarter worth about $715,000. Ritholtz Wealth Management lifted its holdings in shares of Air Products and Chemicals by 20.9% in the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock valued at $473,000 after purchasing an additional 277 shares in the last quarter. Mantle Ridge LP bought a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $1,191,344,000. GAMMA Investing LLC lifted its holdings in shares of Air Products and Chemicals by 8.0% in the first quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company's stock valued at $1,250,000 after purchasing an additional 314 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Air Products and Chemicals by 4.1% in the fourth quarter. Focus Partners Wealth now owns 62,981 shares of the basic materials company's stock valued at $18,267,000 after purchasing an additional 2,453 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 value of $397,344.42. Following the completion of the transaction, the vice president directly owned 8,686 shares in the company, 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 is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on APD shares. UBS Group lifted their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Barclays lowered their target price on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Morgan Stanley assumed coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 target price on the stock. Wells Fargo & Company boosted their price target on 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. Finally, Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus price target of $335.07.

Air Products and Chemicals Trading Up 0.3%

NYSE APD traded up $0.78 on Wednesday, reaching $294.75. The company had a trading volume of 541,725 shares, compared to its average volume of 1,284,070. The firm has a market cap of $65.60 billion, a price-to-earnings ratio of 42.41, a P/E/G ratio of 6.56 and a beta of 0.81. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The business has a 50 day moving average of $289.35 and a two-hundred day moving average of $286.29. 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 issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate 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 was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $3.20 EPS. 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 forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business 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 dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals's dividend payout ratio (DPR) is presently 103.02%.

About Air Products and Chemicals

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.