Maple Capital Management Inc. Purchases 2,577 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Maple Capital Management Inc. has increased its stake in Air Products and Chemicals, Inc. by 3.8%, now owning 70,887 shares worth approximately $20.9 million.
• Air Products reported earnings of $3.09 per share for the quarter, surpassing analyst expectations of $2.99, with a revenue of $3.02 billion.
• The company declared a quarterly dividend of $1.79 per share, which will be paid on November 10th, representing an annual yield of 2.4%.

Maple Capital Management Inc. grew its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,887 shares of the basic materials company's stock after purchasing an additional 2,577 shares during the quarter. Air Products and Chemicals makes up approximately 1.6% of Maple Capital Management Inc.'s investment portfolio, making the stock its 24th largest holding. Maple Capital Management Inc.'s holdings in Air Products and Chemicals were worth $20,906,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after acquiring an additional 412 shares during the period. Bison Wealth LLC bought a new position in shares of Air Products and Chemicals in the 4th quarter valued at $245,000. Gotham Asset Management LLC increased its stake in shares of Air Products and Chemicals by 12.0% in the 4th quarter. Gotham Asset Management LLC now owns 1,091 shares of the basic materials company's stock valued at $316,000 after purchasing an additional 117 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in Air Products and Chemicals by 20.5% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 9,283 shares of the basic materials company's stock valued at $2,692,000 after acquiring an additional 1,577 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in Air Products and Chemicals by 38.6% in the fourth quarter. Nuveen Asset Management LLC now owns 718,108 shares of the basic materials company's stock valued at $208,280,000 after acquiring an additional 200,129 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Down 1.6%

Shares of APD stock traded down $4.57 during trading hours on Tuesday, reaching $284.95. The company had a trading volume of 735,840 shares, compared to its average volume of 1,242,337. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month 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 business has a fifty day simple moving average of $291.91 and a 200-day simple moving average of $283.92. The company has a market cap of $63.42 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 6.53 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the firm earned $3.20 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's payout ratio is presently 103.02%.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction dated 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 $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

APD has been the topic of several research reports. UBS Group lifted their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho boosted their price objective 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. Royal Bank Of Canada assumed 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. Finally, Citigroup boosted their price objective on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research report 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock 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.