Smith Chas P & Associates PA Cpas Has $37.43 Million Position in Air Products and Chemicals, Inc. $APD

Smith Chas P & Associates PA Cpas increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 132,685 shares of the basic materials company’s stock after buying an additional 3,568 shares during the quarter. Air Products and Chemicals comprises approximately 2.1% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 17th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Air Products and Chemicals were worth $37,425,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of APD. Prepared Retirement Institute LLC lifted its holdings in shares of Air Products and Chemicals by 7.7% during the second quarter. Prepared Retirement Institute LLC now owns 1,599 shares of the basic materials company’s stock valued at $451,000 after acquiring an additional 115 shares during the period. Archford Capital Strategies LLC boosted its holdings in shares of Air Products and Chemicals by 4.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 3,197 shares of the basic materials company’s stock worth $902,000 after acquiring an additional 144 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in Air Products and Chemicals during the 2nd quarter worth approximately $217,000. GC Wealth Management RIA LLC raised its position in Air Products and Chemicals by 76.5% in the 2nd quarter. GC Wealth Management RIA LLC now owns 2,324 shares of the basic materials company’s stock valued at $656,000 after purchasing an additional 1,007 shares during the last quarter. Finally, First County Bank CT boosted its stake in Air Products and Chemicals by 118.3% in the second quarter. First County Bank CT now owns 1,563 shares of the basic materials company’s stock worth $441,000 after purchasing an additional 847 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 0.4%

NYSE:APD opened at $266.74 on Monday. The company has a market cap of $59.36 billion, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 5.95 and a beta of 0.82. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The business has a 50 day moving average price of $289.88 and a two-hundred day moving average price of $282.40. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.20 earnings per share. 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, analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be given a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.7%. Air Products and Chemicals’s dividend payout ratio is presently 103.02%.

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of the business’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. The trade was a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APD shares. UBS Group upped their target price on shares of 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. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They issued an “outperform” rating and a $355.00 target price on the stock. Mizuho lifted their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.