UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Stake in Air Products and Chemicals, Inc. $APD

Key Points

• UBS Asset Management increased its stake in Air Products and Chemicals, Inc. by 4.4% in Q1, owning approximately 1,257,524 shares valued at $370.87 million.
• In its latest earnings, Air Products reported an EPS of $3.09, surpassing estimates, with a quarterly revenue of $3.02 billion, reflecting a 1.2% year-over-year growth.
• The company announced a $1.79 quarterly dividend, representing a yield of 2.5%, with a payout ratio of 103.02%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,257,524 shares of the basic materials company's stock after purchasing an additional 52,679 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.57% of Air Products and Chemicals worth $370,869,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ritholtz Wealth Management raised its stake in shares of Air Products and Chemicals by 20.9% in the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock valued at $473,000 after purchasing an additional 277 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Air Products and Chemicals by 8.0% in the 1st quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company's stock valued at $1,250,000 after purchasing an additional 314 shares in the last quarter. Croban acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at about $996,000. Electron Capital Partners LLC raised its stake in shares of Air Products and Chemicals by 251.4% in the 1st 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 in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Air Products and Chemicals by 227.7% in the 4th quarter. Mackenzie Financial Corp now owns 85,091 shares of the basic materials company's stock valued at $24,680,000 after purchasing an additional 59,123 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

NYSE APD opened at $287.23 on Thursday. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The stock has a market cap of $63.92 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82. The company has a 50-day moving average price of $291.81 and a two-hundred day moving average price of $284.78.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 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 during the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the prior year, the firm earned $3.20 EPS. Air Products and Chemicals's quarterly 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. Analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS 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 given a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.5%. Air Products and Chemicals's dividend payout ratio is 103.02%.

Analyst Ratings Changes

APD has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Mizuho increased their price objective on shares of 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. Morgan Stanley assumed coverage on shares of Air Products and Chemicals in a research note on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price objective on the stock. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, UBS Group increased their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $335.07.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.

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