Smith Chas P & Associates PA Cpas Raises Stock Position in Air Products and Chemicals, Inc. $APD

Key Points

• Smith Chas P & Associates PA Cpas increased its holdings in Air Products and Chemicals, Inc. by 2.8%, owning 132,685 shares valued at approximately $37.4 million following additional purchases in the second quarter.
• Several institutional investors, including Ritholtz Wealth Management and Norden Group LLC, significantly boosted their stakes in Air Products during the second quarter, indicating strong interest in the company.
• Air Products and Chemicals announced a quarterly dividend of $1.79 per share, with a payout ratio of 103.02%, reflecting robust financial health despite a slight decline in year-over-year earnings.

Smith Chas P & Associates PA Cpas increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,685 shares of the basic materials company's stock after purchasing an additional 3,568 shares during the period. Air Products and Chemicals accounts for about 2.1% of Smith Chas P & Associates PA Cpas' holdings, making the stock its 17th biggest holding. Smith Chas P & Associates PA Cpas owned approximately 0.06% of Air Products and Chemicals worth $37,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ritholtz Wealth Management lifted its stake in shares of Air Products and Chemicals by 20.9% in the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock worth $473,000 after acquiring an additional 277 shares in the last quarter. Chapin Davis Inc. boosted its stake in shares of Air Products and Chemicals by 16.1% during the 2nd quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company's stock valued at $3,147,000 after buying an additional 1,551 shares during the last quarter. West Oak Capital LLC grew its position in shares of Air Products and Chemicals by 12.2% during the second quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company's stock worth $3,050,000 after buying an additional 1,180 shares in the last quarter. Revisor Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 110.4% in the second quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company's stock worth $966,000 after buying an additional 1,713 shares during the last quarter. Finally, Norden Group LLC raised its holdings in Air Products and Chemicals by 167.3% in the second quarter. Norden Group LLC now owns 5,800 shares of the basic materials company's stock valued at $1,636,000 after acquiring an additional 3,630 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

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 business'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 completion of the sale, the vice president owned 8,686 shares of the company's stock, valued at $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a research report on Friday, June 13th. They set an "outperform" rating and a $355.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Citigroup raised their price target on shares of 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. 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. Finally, Mizuho raised their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and an average price target of $335.07.

Air Products and Chemicals Stock Up 0.4%

Shares of Air Products and Chemicals stock opened at $266.74 on Monday. 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 $59.36 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 5.95 and a beta of 0.82. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The stock's fifty day moving average is $289.88 and its 200-day moving average is $282.40.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business 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. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is currently 103.02%.

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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