Lineweaver Wealth Advisors LLC Has $1.89 Million Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Lineweaver Wealth Advisors LLC increased its stake in Air Products and Chemicals by 15.9%, acquiring an additional 921 shares to reach a total of 6,708 shares valued at $1,892,000.
• Institutional investors collectively own 81.66% of Air Products and Chemicals, with notable increases in holdings by firms like Dodge & Cox and Goldman Sachs Group Inc..
• Air Products and Chemicals declared a quarterly dividend of $1.79 per share, which reflects an annualized yield of 2.5% and is set to be paid on November 10th.

Lineweaver Wealth Advisors LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 15.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,708 shares of the basic materials company's stock after buying an additional 921 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in Air Products and Chemicals were worth $1,892,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hamilton Capital LLC grew its holdings in shares of Air Products and Chemicals by 1.5% in the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company's stock valued at $765,000 after acquiring an additional 38 shares in the last quarter. West Branch Capital LLC raised its position in shares of Air Products and Chemicals by 10.2% in the first quarter. West Branch Capital LLC now owns 421 shares of the basic materials company's stock worth $124,000 after buying an additional 39 shares in the last quarter. Kathmere Capital Management LLC increased its stake in Air Products and Chemicals by 2.6% in the first quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company's stock valued at $454,000 after acquiring an additional 39 shares during the last quarter. Connecticut Wealth Management LLC grew its stake in shares of Air Products and Chemicals by 1.7% during the first quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company's stock valued at $703,000 after buying an additional 39 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its stake in shares of Air Products and Chemicals by 1.6% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company's stock worth $737,000 after purchasing an additional 40 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were 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 approximately $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Air Products and Chemicals Stock Down 0.7%

Shares of Air Products and Chemicals stock traded down $1.99 during trading hours on Friday, hitting $290.46. The company had a trading volume of 1,374,420 shares, compared to its average volume of 653,027. The company's 50-day moving average is $291.62 and its two-hundred day moving average is $283.74. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a market cap of $64.64 billion, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 6.52 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

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. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Analysts anticipate 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 paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.5%. Air Products and Chemicals's payout ratio is presently 103.02%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They issued an "outperform" rating and a $355.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. 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. Argus upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday, September 12th. Finally, Citigroup increased their price objective on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued 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 company currently 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.