Silver Oak Securities Incorporated Sells 1,148 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Silver Oak Securities Incorporated sold 1,148 shares of Air Products and Chemicals, reducing its stake by 37.4%, leaving it with approximately $543,000 worth of shares.
• Air Products and Chemicals reported a quarterly EPS of $3.09, exceeding analysts' expectations, with a revenue of $3.02 billion for the quarter, indicating a 1.2% year-over-year increase.
• The company announced a quarterly dividend of $1.79 per share, with a current dividend yield of 2.5%, although its dividend payout ratio stands at 103.02%.

Silver Oak Securities Incorporated lowered its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 37.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,925 shares of the basic materials company's stock after selling 1,148 shares during the quarter. Silver Oak Securities Incorporated's holdings in Air Products and Chemicals were worth $543,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management grew its position in Air Products and Chemicals by 20.9% during the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock valued at $473,000 after buying an additional 277 shares during the period. GAMMA Investing LLC grew its position in Air Products and Chemicals by 8.0% during the first quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company's stock valued at $1,250,000 after buying an additional 314 shares during the period. Ascent Group LLC bought a new position in Air Products and Chemicals during the first quarter valued at about $427,000. Woodline Partners LP lifted its holdings in Air Products and Chemicals by 40.8% during the first quarter. Woodline Partners LP now owns 18,796 shares of the basic materials company's stock valued at $5,543,000 after purchasing an additional 5,445 shares during the last quarter. Finally, Electron Capital Partners LLC lifted its holdings in Air Products and Chemicals by 251.4% during the first quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company's stock valued at $91,917,000 after purchasing an additional 222,980 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Down 0.7%

Shares of NYSE APD opened at $290.46 on Monday. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year 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's 50 day simple moving average is $291.62 and its two-hundred day simple moving average is $283.36. The stock has a market capitalization of $64.64 billion, a P/E ratio of 41.79, a PEG ratio of 6.47 and a beta of 0.82.

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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter last year, the business earned $3.20 earnings per share. The business'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. As a group, analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be issued a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.5%. Air Products and Chemicals's dividend payout ratio (DPR) is currently 103.02%.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the firm'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 owned 8,686 shares in the company, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on APD. Argus raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday, September 12th. Morgan Stanley began coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, July 14th. UBS Group upped their price objective 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. Finally, Wall Street Zen raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of "Moderate Buy" and an average price target of $335.07.

Air Products and Chemicals Company 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.

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