Appleton Partners Inc. MA Makes New Investment in Air Products and Chemicals, Inc. $APD

Key Points

• Appleton Partners Inc. has made a new investment in Air Products and Chemicals, Inc., purchasing 9,715 shares valued at approximately $2.74 million.
• The company recently reported earnings of $3.09 EPS for the last quarter, exceeding analysts' expectations of $2.99, with revenue of $3.02 billion.
• A quarterly dividend of $1.79 per share has been announced, representing an annualized dividend yield of 2.6%, to be paid on November 10th.

Appleton Partners Inc. MA purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,715 shares of the basic materials company's stock, valued at approximately $2,740,000.

A number of other institutional investors also recently modified their holdings of the company. Dodge & Cox raised its position in Air Products and Chemicals by 31.5% in the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company's stock valued at $2,583,417,000 after buying an additional 2,096,568 shares during the last quarter. Principal Financial Group Inc. raised its position in Air Products and Chemicals by 159.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock valued at $508,962,000 after buying an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Air Products and Chemicals by 110.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company's stock valued at $425,202,000 after buying an additional 756,780 shares during the last quarter. Electron Capital Partners LLC raised its position in Air Products and Chemicals by 251.4% in the 1st quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company's stock valued at $91,917,000 after buying an additional 222,980 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Air Products and Chemicals in the 1st quarter valued at $42,661,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Up 0.2%

APD stock opened at $271.24 on Monday. The firm has a market capitalization of $60.36 billion, a PE ratio of 39.03, a PEG ratio of 5.65 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. The stock has a 50-day simple moving average of $287.22 and a two-hundred day simple moving average of $281.61. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14.

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 (EPS) for the quarter, beating 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 company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company 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. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is currently 103.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research report on Wednesday. Citigroup raised their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Air Products and Chemicals in a research report on Saturday, September 27th. Argus raised Air Products and Chemicals from a "hold" rating to a "buy" rating in a research report on Friday, September 12th. 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 investment 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $335.06.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the transaction, the vice president directly owned 8,686 shares of the company's stock, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.

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.

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