SPC Financial Inc. Has $1.94 Million Holdings in Air Products and Chemicals, Inc. $APD

SPC Financial Inc. boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,893 shares of the basic materials company’s stock after purchasing an additional 56 shares during the quarter. SPC Financial Inc.’s holdings in Air Products and Chemicals were worth $1,944,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in Air Products and Chemicals by 9.4% during the second quarter. CWM LLC now owns 7,461 shares of the basic materials company’s stock valued at $2,104,000 after purchasing an additional 639 shares during the period. Franklin Parlapiano Turner & Welch LLC grew its holdings in Air Products and Chemicals by 1.1% during the second quarter. Franklin Parlapiano Turner & Welch LLC now owns 28,552 shares of the basic materials company’s stock valued at $8,053,000 after purchasing an additional 298 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Air Products and Chemicals by 14.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,566 shares of the basic materials company’s stock valued at $8,624,000 after purchasing an additional 3,769 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Air Products and Chemicals by 1.7% during the second quarter. Concurrent Investment Advisors LLC now owns 14,843 shares of the basic materials company’s stock valued at $4,187,000 after purchasing an additional 251 shares during the period. Finally, Apollon Wealth Management LLC grew its holdings in Air Products and Chemicals by 8.3% during the second quarter. Apollon Wealth Management LLC now owns 19,728 shares of the basic materials company’s stock valued at $5,564,000 after purchasing an additional 1,517 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $257.28 on Friday. The company’s fifty day simple moving average is $284.80 and its 200-day simple moving average is $280.74. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The firm has a market cap of $57.26 billion, a PE ratio of 37.02, a P/E/G ratio of 5.33 and a beta of 0.83. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14.

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. Equities research 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 firm 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is currently 103.02%.

Insider Activity at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the sale, the vice president owned 8,686 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Mizuho lifted their price target on shares of 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. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, UBS Group cut their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.