Thurston Springer Miller Herd & Titak Inc. Boosts Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Air Products and Chemicals by 18.8%, owning 12,810 shares valued at approximately $3.61 million as of the latest SEC filing.
• Air Products and Chemicals reported earnings of $3.09 EPS for the latest quarter, surpassing the consensus estimate and showing a 1.2% year-over-year revenue growth.
• The company announced a quarterly dividend of $1.79 per share, with a yield of 2.4%, and a payout ratio of 103.02%.

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 18.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,810 shares of the basic materials company's stock after acquiring an additional 2,028 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Air Products and Chemicals were worth $3,613,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of APD. Hamilton Capital LLC grew its stake in Air Products and Chemicals by 1.5% in the 1st quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company's stock worth $765,000 after buying an additional 38 shares in the last quarter. West Branch Capital LLC lifted its holdings in shares of Air Products and Chemicals by 10.2% in the 1st quarter. West Branch Capital LLC now owns 421 shares of the basic materials company's stock worth $124,000 after acquiring an additional 39 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Air Products and Chemicals by 2.6% in the 1st quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company's stock worth $454,000 after acquiring an additional 39 shares during the last quarter. Connecticut Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 1.7% in the 1st quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company's stock worth $703,000 after acquiring an additional 39 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Air Products and Chemicals by 1.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company's stock worth $737,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

Shares of NYSE APD traded down $3.47 during trading on Friday, reaching $288.99. 282,279 shares of the company traded hands, compared to its average volume of 1,232,085. The firm has a 50 day simple moving average of $291.66 and a 200-day simple moving average of $283.85. 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 has a market capitalization of $64.31 billion, a PE ratio of 41.58, a P/E/G ratio of 6.48 and a beta of 0.82. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $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 research 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 announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals's dividend payout ratio (DPR) is presently 103.02%.

Analysts Set New Price Targets

APD has been the subject of a number of recent analyst reports. Argus upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday, September 12th. Citigroup upped 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 report on Monday, June 30th. Mizuho upped their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Morgan Stanley initiated 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 target for the company. Finally, Wells Fargo & Company upped their price target 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $335.07.

Insider Buying and Selling

In other Air Products and Chemicals 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 transaction of $397,344.42. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company's stock.

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.