HB Wealth Management LLC Grows Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• HB Wealth Management LLC increased its stake in Air Products and Chemicals by 3.5%, owning a total of 34,310 shares valued at approximately $9.68 million as of its latest SEC filing.
• The company declared a quarterly dividend of $1.79 per share, with a record date of October 1st, reflecting an annualized payout of $7.16 and a yield of 2.6%.
• Air Products and Chemicals recently reported strong quarterly earnings, with an EPS of $3.09, surpassing analyst estimates, and set its FY 2025 guidance between $11.900 and $12.100 EPS.

HB Wealth Management LLC grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,310 shares of the basic materials company's stock after buying an additional 1,171 shares during the quarter. HB Wealth Management LLC's holdings in Air Products and Chemicals were worth $9,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of Air Products and Chemicals during the 1st quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in shares of Air Products and Chemicals during the 1st quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Air Products and Chemicals during the 1st quarter valued at approximately $27,000. Citizens National Bank Trust Department raised its position in shares of Air Products and Chemicals by 833.3% during the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Air Products and Chemicals during the 1st quarter valued at approximately $37,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Air Products and Chemicals

In other 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Air Products and Chemicals Trading Up 0.9%

Shares of NYSE APD opened at $272.82 on Wednesday. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The firm has a market capitalization of $60.72 billion, a PE ratio of 39.25, a PEG ratio of 6.03 and a beta of 0.82. 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 business has a 50-day moving average price of $288.90 and a two-hundred day moving average price of $282.18.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 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 firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company posted $3.20 EPS. The business's quarterly revenue 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, analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.6%. Air Products and Chemicals's dividend payout ratio (DPR) is 103.02%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on APD shares. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. UBS Group increased their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Argus raised Air Products and Chemicals from a "hold" rating to a "buy" rating in a research report on Friday, September 12th. Mizuho increased their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $335.07.

Air Products and Chemicals Company 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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