SCS Capital Management LLC Makes New $647,000 Investment in Air Products and Chemicals, Inc. $APD

Key Points

• SCS Capital Management LLC has made a new investment of approximately $647,000 in Air Products and Chemicals, purchasing 2,195 shares during the first quarter.
• Air Products and Chemicals reported a quarterly earnings per share (EPS) of $3.09, surpassing analysts' estimates of $2.99, with revenues totaling $3.02 billion.
• The company has announced a quarterly dividend of $1.79 per share, with a dividend yield of 2.5%, to be paid on November 10th.

SCS Capital Management LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,195 shares of the basic materials company's stock, valued at approximately $647,000.

Several other institutional investors have also recently bought and sold shares of APD. Dodge & Cox lifted its holdings in shares of Air Products and Chemicals by 31.5% in the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company's stock valued at $2,583,417,000 after purchasing an additional 2,096,568 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Air Products and Chemicals by 1.4% during the 1st quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company's stock valued at $913,154,000 after acquiring an additional 43,695 shares in the last quarter. Royal Bank of Canada lifted its stake in Air Products and Chemicals by 1.5% during the 4th quarter. Royal Bank of Canada now owns 2,397,210 shares of the basic materials company's stock valued at $695,287,000 after acquiring an additional 34,676 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Air Products and Chemicals by 159.2% during 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 acquiring an additional 1,059,970 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake 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 valued at $425,202,000 after acquiring an additional 756,780 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

APD stock opened at $287.23 on Thursday. The firm has a 50 day moving average of $291.81 and a 200-day moving average of $284.78. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The firm has a market capitalization of $63.92 billion, a P/E ratio of 41.33, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS 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 during the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the business earned $3.20 earnings per share. Air Products and Chemicals's 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, sell-side analysts predict 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 given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is 103.02%.

Analysts Set New Price Targets

APD has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on 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. UBS Group lifted their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the stock 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 report on Saturday, August 2nd. Morgan Stanley started coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price target on the stock. Finally, Citigroup boosted their price target on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $335.07.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 approximately $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company's stock.

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.

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