GC Wealth Management RIA LLC Has $656,000 Stock Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• GC Wealth Management RIA LLC increased its holdings in Air Products and Chemicals, Inc. by 76.5% in Q2, now owning shares worth $656,000.
• Air Products reported earnings of $3.09 per share for the latest quarter, exceeding analyst expectations of $2.99 per share, with revenue up 1.2% year-over-year.
• The company declared a quarterly dividend of $1.79 per share, with an annualized yield of 2.6%, set to be paid on November 10th.

GC Wealth Management RIA LLC lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 76.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,324 shares of the basic materials company's stock after buying an additional 1,007 shares during the quarter. GC Wealth Management RIA LLC's holdings in Air Products and Chemicals were worth $656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APD. Brighton Jones LLC raised its stake 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 worth $945,000 after purchasing an additional 412 shares in the last quarter. Bison Wealth LLC acquired a new stake in Air Products and Chemicals in the 4th quarter worth about $245,000. Wellington Management Group LLP raised its stake in Air Products and Chemicals by 36.6% in the 4th quarter. Wellington Management Group LLP now owns 8,775 shares of the basic materials company's stock worth $2,545,000 after purchasing an additional 2,352 shares in the last quarter. NBC Securities Inc. raised its stake in Air Products and Chemicals by 173,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,737 shares of the basic materials company's stock worth $512,000 after purchasing an additional 1,736 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in Air Products and Chemicals by 2.5% in the 1st quarter. Harbor Investment Advisory LLC now owns 3,167 shares of the basic materials company's stock worth $934,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Trading Up 0.9%

Shares of Air Products and Chemicals stock opened at $272.82 on Wednesday. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. 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 firm has a market capitalization of $60.72 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 6.03 and a beta of 0.82. The firm's 50 day moving average is $288.90 and its 200 day moving average is $282.18.

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. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders 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 yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals's payout ratio is presently 103.02%.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, the vice president directly owned 8,686 shares of the company's stock, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on APD. Royal Bank Of Canada began coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 price objective for the company. Argus upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a research report on Friday, September 12th. Mizuho boosted their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $335.07.

Air Products and Chemicals 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.

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