Cascade Investment Advisors Inc. Purchases New Holdings in Air Products and Chemicals, Inc. $APD

Cascade Investment Advisors Inc. bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,901 shares of the basic materials company’s stock, valued at approximately $536,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APD. Brighton Jones LLC grew its holdings in shares of Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 412 shares during the period. Bison Wealth LLC purchased a new stake in Air Products and Chemicals in the 4th quarter valued at approximately $245,000. GAMMA Investing LLC lifted its stake in 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 buying an additional 314 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in Air Products and Chemicals by 21.7% in the 1st quarter. Simon Quick Advisors LLC now owns 1,216 shares of the basic materials company’s stock valued at $359,000 after buying an additional 217 shares in the last quarter. Finally, Everhart Financial Group Inc. grew its position in shares of Air Products and Chemicals by 6.7% in the first quarter. Everhart Financial Group Inc. now owns 1,280 shares of the basic materials company’s stock valued at $377,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Stock Performance

Shares of APD opened at $257.28 on Monday. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The company has a market cap of $57.26 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 5.33 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The firm has a fifty day moving average of $284.80 and a 200-day moving average of $280.63.

Air Products and Chemicals (NYSE:APD) last announced its quarterly 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. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. The company’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. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is currently 103.02%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on APD shares. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a research report on Wednesday, October 1st. Finally, Mizuho raised 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus target price of $330.00.

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.