Golden State Equity Partners Invests $515,000 in Air Products and Chemicals, Inc. $APD

Key Points

• Golden State Equity Partners has invested $515,000 in Air Products and Chemicals, purchasing 1,825 shares in the 2nd quarter.
• Air Products and Chemicals reported $3.09 EPS for the last quarter, exceeding analysts' expectations of $2.99, with revenues of $3.02 billion.
• The company announced a quarterly dividend of $1.79 per share, representing a yield of 2.5%, with a dividend payout ratio of 103.02%.

Golden State Equity Partners purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,825 shares of the basic materials company's stock, valued at approximately $515,000.

Several other large investors have also made changes to their positions in the business. Dodge & Cox lifted its position in shares of Air Products and Chemicals by 31.5% during the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company's stock worth $2,583,417,000 after purchasing an additional 2,096,568 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Air Products and Chemicals by 1.4% during the 1st quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company's stock worth $913,154,000 after purchasing an additional 43,695 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Air Products and Chemicals by 159.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock worth $508,962,000 after purchasing an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Air Products and Chemicals by 110.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company's stock worth $425,202,000 after purchasing an additional 756,780 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Air Products and Chemicals by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company's stock worth $385,698,000 after purchasing an additional 19,237 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on APD shares. 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 research report on Monday, July 14th. Mizuho upped their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Royal Bank Of Canada began coverage on Air Products and Chemicals in a report on Friday, June 13th. They issued an "outperform" rating and a $355.00 price target for the company. Citigroup upped 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. Finally, Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $335.07.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $287.98 on Tuesday. The stock's fifty day moving average is $291.56 and its 200-day moving average is $283.16. 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 stock has a market capitalization of $64.09 billion, a PE ratio of 41.44, a PEG ratio of 6.47 and a beta of 0.82. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.99 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.20 earnings per share. 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 expect 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. Shareholders of record on Wednesday, October 1st will be given 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 (DPR) is presently 103.02%.

Insider Buying and Selling

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 transaction, the vice president directly owned 8,686 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 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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