Goelzer Investment Management Inc. Has $5.83 Million Stock Position in Air Products and Chemicals, Inc. $APD

Key Points

• Goelzer Investment Management Inc. reduced its stake in Air Products and Chemicals by 29.4%, owning 20,653 shares valued at approximately $5.83 million after selling 8,617 shares in Q2.
• Major institutional investors such as Dodge & Cox and Goldman Sachs have increased their holdings, with Dodge & Cox boosting its stake by 31.5% to over $2.58 billion in value.
• Air Products and Chemicals reported a Q2 EPS of $3.09, surpassing estimates of $2.99, with revenues reaching $3.02 billion, marking a 1.2% year-over-year increase.

Goelzer Investment Management Inc. cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 29.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,653 shares of the basic materials company's stock after selling 8,617 shares during the quarter. Goelzer Investment Management Inc.'s holdings in Air Products and Chemicals were worth $5,825,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Berkshire Bank lifted its holdings in shares of Air Products and Chemicals by 2.4% during the second quarter. Berkshire Bank now owns 1,768 shares of the basic materials company's stock valued at $499,000 after acquiring an additional 42 shares during the period. New England Research & Management Inc. bought a new position in shares of Air Products and Chemicals in the second quarter valued at about $571,000. Bowman & Co S.C. raised its holdings in shares of Air Products and Chemicals by 0.7% in the second quarter. Bowman & Co S.C. now owns 6,688 shares of the basic materials company's stock valued at $1,888,000 after buying an additional 48 shares during the last quarter. Czech National Bank raised its holdings in shares of Air Products and Chemicals by 6.5% in the second quarter. Czech National Bank now owns 54,397 shares of the basic materials company's stock valued at $15,343,000 after buying an additional 3,298 shares during the last quarter. Finally, Dover Advisors LLC raised its holdings in shares of Air Products and Chemicals by 1.9% in the second quarter. Dover Advisors LLC now owns 5,041 shares of the basic materials company's stock valued at $1,422,000 after buying an additional 96 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Down 0.7%

Shares of Air Products and Chemicals stock traded down $1.99 on Friday, reaching $290.46. 1,374,420 shares of the company were exchanged, compared to its average volume of 653,027. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The company has a market capitalization of $64.64 billion, a price-to-earnings ratio of 41.79, a PEG ratio of 6.47 and a beta of 0.82. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $291.62 and a 200 day moving average of $283.55.

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 earnings per share for the quarter, beating 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 business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the prior year, the business earned $3.20 EPS. The firm's revenue for the quarter 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, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction on 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 directly owned 8,686 shares of the company's stock, valued at $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

APD has been the subject of a number of research analyst reports. Citigroup lifted their price target on Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a report on Monday, June 30th. 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 report on Wednesday, July 9th. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a report on Friday, June 13th. They set an "outperform" rating and a $355.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $335.07.

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.