Elwood Capital Partners LP Invests $2.21 Million in Air Products and Chemicals, Inc. $APD

Key Points

• Elwood Capital Partners LP has invested $2.21 million in Air Products and Chemicals, acquiring 7,500 shares, which now represent about 1.9% of its total portfolio.
• In recent transactions, institutional investors significantly increased their stakes in Air Products, with Voya Investment Management raising its stake by a striking 710.5% in the last quarter.
• Air Products recently declared a quarterly dividend of $1.79, marking an annualized yield of 2.4%, although its payout ratio currently stands at 103.02%.

Elwood Capital Partners LP purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,500 shares of the basic materials company's stock, valued at approximately $2,212,000. Air Products and Chemicals makes up about 1.9% of Elwood Capital Partners LP's investment portfolio, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APD. Brighton Jones LLC lifted its position 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 acquiring an additional 412 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Air Products and Chemicals by 6.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,521 shares of the basic materials company's stock valued at $1,602,000 after buying an additional 348 shares during the last quarter. Dark Forest Capital Management LP raised its stake in Air Products and Chemicals by 5.3% during the 4th quarter. Dark Forest Capital Management LP now owns 2,386 shares of the basic materials company's stock valued at $692,000 after buying an additional 121 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Air Products and Chemicals by 12.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 4,859 shares of the basic materials company's stock valued at $1,409,000 after buying an additional 544 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in Air Products and Chemicals by 710.5% during the 4th quarter. Voya Investment Management LLC now owns 440,034 shares of the basic materials company's stock valued at $127,627,000 after buying an additional 385,739 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the 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 completion of the sale, the vice president owned 8,686 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

APD has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Air Products and Chemicals in a research note on Thursday, May 29th. They set an "equal weight" rating and a $290.00 target price for the company. Barclays decreased their target price on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada began coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 target price for the company. Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Mizuho upped their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $335.07.

Air Products and Chemicals Trading Up 1.9%

Shares of APD stock opened at $299.0190 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. 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 has a market capitalization of $66.55 billion, a PE ratio of 43.02, a PEG ratio of 6.55 and a beta of 0.81. The stock has a fifty day simple moving average of $288.74 and a two-hundred day simple moving average of $286.96.

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, topping 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 during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the business posted $3.20 EPS. Air Products and Chemicals'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. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders 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 2.4%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio 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.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.