Blue Zone Wealth Advisors LLC Grows Stake in Air Products and Chemicals, Inc. $APD

Blue Zone Wealth Advisors LLC boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,715 shares of the basic materials company’s stock after purchasing an additional 549 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $4,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Hamilton Capital LLC increased its holdings in Air Products and Chemicals by 1.5% during the 1st quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 38 shares during the period. DB Fitzpatrick & Co Inc increased its holdings in Air Products and Chemicals by 1.0% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company’s stock worth $1,089,000 after purchasing an additional 38 shares during the period. West Branch Capital LLC increased its holdings in Air Products and Chemicals by 10.2% during the 1st quarter. West Branch Capital LLC now owns 421 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 39 shares during the period. Kathmere Capital Management LLC increased its holdings in Air Products and Chemicals by 2.6% during the 1st quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company’s stock worth $454,000 after purchasing an additional 39 shares during the period. Finally, Connecticut Wealth Management LLC increased its holdings in Air Products and Chemicals by 1.7% during the 1st quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company’s stock worth $703,000 after purchasing an additional 39 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APD has been the topic of several recent research reports. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Wells Fargo & Company increased their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research report on Friday, June 13th. They set an “outperform” rating and a $355.00 target price on the stock. Citigroup dropped their target price on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Finally, The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average price target of $330.00.

Air Products and Chemicals Stock Down 2.1%

Air Products and Chemicals stock opened at $257.28 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The stock has a market capitalization of $57.26 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 5.45 and a beta of 0.83. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The business has a fifty day moving average price of $284.80 and a 200-day moving average price of $280.83.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The firm 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 business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm 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. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.8%. Air Products and Chemicals’s dividend payout ratio (DPR) is 103.02%.

Insider Transactions at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the firm’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 transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is owned by company 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.