Kingstone Capital Partners Texas LLC Invests $3.44 Million in Air Products and Chemicals, Inc. $APD

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new stake in Air Products and Chemicals, Inc., purchasing 11,280 shares valued at approximately $3.44 million.
• The company reported Q2 earnings of $3.09 EPS, beating analysts' expectations, and had a revenue of $3.02 billion, up 1.2% year-over-year.
• Air Products has announced a quarterly dividend of $1.79 per share, set to be paid on November 10th, with a current dividend yield of 2.5%.

Kingstone Capital Partners Texas LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,280 shares of the basic materials company's stock, valued at approximately $3,442,000.

Several other institutional investors also recently modified their holdings of APD. Dodge & Cox raised its position in Air Products and Chemicals by 31.5% in 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. grew its position in Air Products and Chemicals by 1.4% during the first quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company's stock worth $913,154,000 after buying an additional 43,695 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Air Products and Chemicals by 159.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock valued at $508,962,000 after purchasing an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in 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 buying an additional 756,780 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Air Products and Chemicals by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company's stock valued at $385,698,000 after buying an additional 19,237 shares during the period. Institutional investors own 81.66% of the company's stock.

Insider Activity

In related news, VP Victoria Brifo sold 1,359 shares of the firm's stock in a transaction that occurred 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 owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company's stock.

Air Products and Chemicals Stock Performance

NYSE APD traded down $2.17 on Monday, hitting $287.98. 834,840 shares of the company's stock were exchanged, compared to its average volume of 683,487. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The firm has a market cap of $64.09 billion, a price-to-earnings ratio of 41.44, a P/E/G ratio of 6.47 and a beta of 0.82. The firm's 50-day moving average price is $291.62 and its two-hundred day moving average price is $283.36.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $3.20 EPS. 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, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current 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 given a $1.79 dividend. 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 2.5%. Air Products and Chemicals's dividend payout ratio (DPR) is currently 103.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APD. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Royal Bank Of Canada started coverage on Air Products and Chemicals in a research report on Friday, June 13th. They set an "outperform" rating and a $355.00 price objective on the stock. Argus upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday, September 12th. Morgan Stanley assumed coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 target price for the company. Finally, Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Air Products and Chemicals currently has an average rating of "Moderate Buy" and an average target price of $335.07.

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.