Air Products and Chemicals, Inc. $APD Shares Acquired by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 12.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,349 shares of the basic materials company’s stock after purchasing an additional 3,627 shares during the period. WealthPlan Investment Management LLC’s holdings in Air Products and Chemicals were worth $9,124,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. New York State Teachers Retirement System increased its holdings in shares of Air Products and Chemicals by 1.0% in the second quarter. New York State Teachers Retirement System now owns 169,881 shares of the basic materials company’s stock valued at $47,917,000 after purchasing an additional 1,622 shares during the period. Rosenberg Matthew Hamilton boosted its stake in shares of Air Products and Chemicals by 44.2% in the second quarter. Rosenberg Matthew Hamilton now owns 551 shares of the basic materials company’s stock valued at $155,000 after buying an additional 169 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of Air Products and Chemicals by 12.9% in the second quarter. Mutual Advisors LLC now owns 4,154 shares of the basic materials company’s stock valued at $1,243,000 after buying an additional 475 shares in the last quarter. Generali Asset Management SPA SGR boosted its stake in shares of Air Products and Chemicals by 66.3% in the second quarter. Generali Asset Management SPA SGR now owns 24,039 shares of the basic materials company’s stock valued at $6,780,000 after buying an additional 9,586 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of Air Products and Chemicals by 17.8% in the second quarter. Ritholtz Wealth Management now owns 1,889 shares of the basic materials company’s stock valued at $533,000 after buying an additional 286 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 1.7%

APD opened at $257.44 on Thursday. The business’s fifty day moving average is $283.02 and its two-hundred day moving average is $280.12. 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 company has a market cap of $57.29 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 5.43 and a beta of 0.83. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its earnings results 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 company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.Air Products and Chemicals’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed 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. This represents a $7.16 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently 103.02%.

Insider Activity

In other 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

APD has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. UBS Group decreased their price target on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research note on Wednesday, October 1st. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Finally, Mizuho lifted their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

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.