United Services Automobile Association Invests $1.48 Million in Air Products and Chemicals, Inc. $APD

Key Points

• United Services Automobile Association has acquired a new stake in Air Products and Chemicals, Inc. worth approximately $1.48 million, purchasing 5,068 shares in the 1st quarter.
• The company reported earnings of $3.09 per share for the last quarter, exceeding the consensus estimate of $2.99, with a revenue of $3.02 billion.
• Air Products and Chemicals has declared a quarterly dividend of $1.79 per share, set to be paid on November 10th, representing an annualized yield of 2.5%.

United Services Automobile Association bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,068 shares of the basic materials company's stock, valued at approximately $1,481,000.

Several other institutional investors have also recently made changes to their positions in APD. Wayfinding Financial LLC purchased a new position in shares of Air Products and Chemicals during the 1st quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $27,000. Citizens National Bank Trust Department raised its stake in shares of Air Products and Chemicals by 833.3% during the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after buying an additional 100 shares during the period. Finally, 1248 Management LLC acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $39,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

Shares of APD traded up $6.99 during trading hours on Thursday, hitting $294.49. 716,381 shares of the stock were exchanged, compared to its average volume of 655,355. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14. The company has a market cap of $65.54 billion, a price-to-earnings ratio of 42.37, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82. The stock's 50-day moving average price is $291.87 and its two-hundred day moving average price is $284.67.

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

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is presently 103.02%.

Analyst Ratings Changes

Several research analysts have recently weighed in on APD shares. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. 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 note on Monday, June 30th. Morgan Stanley started coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They set an "equal weight" rating and a $290.00 target price for the company. Mizuho upped their target price 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, UBS Group boosted their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $335.07.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction 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 directly owned 8,686 shares in the company, valued at $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by insiders.

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.