Stableford Capital II LLC Lowers Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Stableford Capital II LLC has reduced its holdings in Air Products and Chemicals by 32.7%, now owning 2,168 shares worth approximately $649,000 after selling 1,054 shares.
• Other institutional investors, such as Dodge & Cox and Goldman Sachs Group Inc., have increased their positions in Air Products and Chemicals, with Dodge & Cox raising its stake by 31.5%.
• The company announced a quarterly dividend of $1.79 per share, with a current dividend yield of 2.8%, which is set to be paid on November 10th.

Stableford Capital II LLC trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 32.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,168 shares of the basic materials company's stock after selling 1,054 shares during the period. Stableford Capital II LLC's holdings in Air Products and Chemicals were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Dodge & Cox lifted its position 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 acquiring an additional 2,096,568 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Air Products and Chemicals by 1.4% in the first quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company's stock worth $913,154,000 after purchasing an additional 43,695 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Air Products and Chemicals by 159.2% in the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company's stock worth $508,962,000 after purchasing an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Air Products and Chemicals by 110.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company's stock worth $425,202,000 after purchasing an additional 756,780 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Air Products and Chemicals by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company's stock worth $385,698,000 after purchasing an additional 19,237 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares in the company, 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 link. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APD. Citigroup reduced their target price on Air Products and Chemicals from $325.00 to $308.00 and set a "buy" rating on the stock in a report on Monday, October 6th. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a report on Wednesday, October 1st. Mizuho lifted their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, UBS Group reduced their target price on Air Products and Chemicals from $354.00 to $350.00 and set a "buy" rating on the stock in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $330.00.

Air Products and Chemicals Trading Down 1.7%

Shares of NYSE APD opened at $257.44 on Thursday. The business's 50 day moving average is $283.02 and its two-hundred day moving average is $280.12. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The stock has a market capitalization of $57.29 billion, a P/E ratio of 37.04, a PEG ratio of 5.43 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same period in the previous year, the firm posted $3.20 earnings per share. The firm's revenue for the quarter 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, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's payout ratio is 103.02%.

Air Products and Chemicals 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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