Triangle Securities Wealth Management Invests $597,000 in Air Products and Chemicals, Inc. $APD

Key Points

• Triangle Securities Wealth Management has made a new investment of approximately $597,000 in Air Products and Chemicals, acquiring 2,117 shares during the second quarter.
• Air Products and Chemicals reported an EPS of $3.09 for the last quarter, exceeding estimates, and has set FY 2025 guidance for EPS between $11.900-12.100.
• The company announced a quarterly dividend of $1.79 per share, with a dividend yield of 2.4%, despite having a high payout ratio of 103.02%.

Triangle Securities Wealth Management purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,117 shares of the basic materials company's stock, valued at approximately $597,000.

Several other hedge funds also recently bought and sold shares of APD. Wayfinding Financial LLC acquired a new position in Air Products and Chemicals in the 1st quarter worth about $25,000. Saudi Central Bank acquired a new position in Air Products and Chemicals in the 1st quarter worth about $26,000. Cheviot Value Management LLC acquired a new position in Air Products and Chemicals in the 1st quarter worth about $27,000. Citizens National Bank Trust Department increased its position in Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Air Products and Chemicals in the 1st quarter worth about $37,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

NYSE:APD traded down $2.17 during mid-day trading on Monday, hitting $287.98. 824,841 shares of the company's stock traded hands, compared to its average volume of 1,233,781. The firm has a 50 day moving average of $291.62 and a two-hundred day moving average of $283.36. 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 $64.09 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 6.47 and a beta of 0.82. 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 (NYSE:APD - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating 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 firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the company earned $3.20 EPS. The firm's revenue for the quarter 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. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

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

Insider Activity at Air Products and Chemicals

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 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 in the company, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on APD. Citigroup upped their target price on 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 upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 price target for the company. Mizuho upped their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, Morgan Stanley assumed coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $335.07.

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.