Pacific Heights Asset Management LLC Purchases 15,000 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Pacific Heights Asset Management increased its Air Products and Chemicals stake by 17.6% in the fourth quarter, buying 15,000 additional shares and bringing its total holding to 100,000 shares worth about $24.7 million.
• Air Products and Chemicals posted better-than-expected quarterly results, with EPS of $3.20 versus estimates of $3.06 and revenue of $3.17 billion, while also raising full-year guidance.
• The company continues to pay a solid dividend, declaring a $1.81 quarterly payout payable August 10, which annualizes to $7.24 per share for a yield of about 2.5%.

Pacific Heights Asset Management LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the basic materials company's stock after buying an additional 15,000 shares during the period. Pacific Heights Asset Management LLC's holdings in Air Products and Chemicals were worth $24,702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted 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 valued at $945,000 after purchasing an additional 412 shares during the last quarter. Bison Wealth LLC purchased a new stake in Air Products and Chemicals during the 4th quarter valued at $245,000. Sei Investments Co. boosted its stake in Air Products and Chemicals by 197.6% during the 2nd quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company's stock valued at $79,498,000 after purchasing an additional 187,142 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Air Products and Chemicals by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company's stock valued at $29,271,000 after purchasing an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in Air Products and Chemicals by 52.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company's stock valued at $1,873,000 after purchasing an additional 2,229 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Insider Activity

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the business's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the completion of the transaction, the chief financial officer owned 14,212 shares in the company, valued at $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Bank of America raised their price target on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 21st. Mizuho set a $345.00 price target on Air Products and Chemicals in a research note on Friday, May 1st. Royal Bank Of Canada raised their price target on Air Products and Chemicals from $338.00 to $341.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Air Products and Chemicals currently has a consensus rating of "Moderate Buy" and a consensus price target of $323.12.

Air Products and Chemicals Trading Down 0.1%

Shares of APD stock opened at $295.14 on Monday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $307.96. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. The stock's 50-day moving average price is $292.82 and its 200-day moving average price is $271.99. The stock has a market capitalization of $65.72 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 2.59 and a beta of 0.77.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.06 by $0.14. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. Air Products and Chemicals's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.69 earnings per share. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. Equities research analysts predict that Air Products and Chemicals, Inc. will post 13.2 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals's dividend payout ratio (DPR) is currently 76.61%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company's product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.

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