Douglas Lane & Associates LLC Buys 10,849 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Douglas Lane & Associates LLC increased its position in Air Products and Chemicals, Inc. by 4.4% in Q2, holding 259,582 shares valued at approximately $73.22 million.
• The company reported a quarterly EPS of $3.09, exceeding estimates, and has set its FY 2025 earnings guidance between $11.900 and $12.100 EPS.
• Air Products and Chemicals recently declared a quarterly dividend of $1.79 per share, reflecting a yield of 2.4% with a payout ratio currently at 103.02%.

Douglas Lane & Associates LLC boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,582 shares of the basic materials company's stock after purchasing an additional 10,849 shares during the quarter. Air Products and Chemicals accounts for about 1.1% of Douglas Lane & Associates LLC's portfolio, making the stock its 29th largest holding. Douglas Lane & Associates LLC owned approximately 0.12% of Air Products and Chemicals worth $73,218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC increased its holdings in Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock valued at $945,000 after buying an additional 412 shares during the period. Bison Wealth LLC bought a new position in Air Products and Chemicals in the 4th quarter valued at about $245,000. Gotham Asset Management LLC increased its holdings in Air Products and Chemicals by 12.0% in the 4th quarter. Gotham Asset Management LLC now owns 1,091 shares of the basic materials company's stock valued at $316,000 after buying an additional 117 shares during the period. Man Group plc increased its holdings in Air Products and Chemicals by 3.4% in the 4th quarter. Man Group plc now owns 2,174 shares of the basic materials company's stock valued at $631,000 after buying an additional 71 shares during the period. Finally, Polar Capital Holdings Plc increased its holdings in Air Products and Chemicals by 36.6% in the 4th quarter. Polar Capital Holdings Plc now owns 11,200 shares of the basic materials company's stock valued at $3,248,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Argus raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday. UBS Group raised their target price on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Citigroup raised their target price on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a report on Monday, June 30th. Morgan Stanley started coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price target on the stock. Finally, Mizuho lifted their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $335.07.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded down $4.57 during midday trading on Tuesday, hitting $284.95. 735,882 shares of the company traded hands, compared to its average volume of 648,158. The stock has a market cap of $63.42 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 6.46 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The firm's fifty day moving average price is $291.76 and its 200-day moving average price is $283.93. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its 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. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the firm posted $3.20 EPS. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. 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. As a group, sell-side 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 business 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 $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 presently 103.02%.

Insider Transactions at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the transaction, the vice president directly owned 8,686 shares of the company's stock, valued at $2,539,612.68. This trade 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 hyperlink. 0.41% of the stock is currently owned by corporate insiders.

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.