Air Products and Chemicals, Inc. $APD Shares Purchased by Chapin Davis Inc.

Chapin Davis Inc. grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 16.1% during the second quarter, Holdings Channel.com reports. The firm owned 11,157 shares of the basic materials company’s stock after buying an additional 1,551 shares during the quarter. Chapin Davis Inc.’s holdings in Air Products and Chemicals were worth $3,147,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Hamilton Capital LLC increased its holdings in shares of Air Products and Chemicals by 1.5% during the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock valued at $765,000 after purchasing an additional 38 shares during the period. West Branch Capital LLC increased its holdings in shares of Air Products and Chemicals by 10.2% during the first quarter. West Branch Capital LLC now owns 421 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 39 shares during the period. Kathmere Capital Management LLC increased its holdings in shares of Air Products and Chemicals by 2.6% during the first quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 39 shares during the period. Connecticut Wealth Management LLC grew its holdings in Air Products and Chemicals by 1.7% during the first quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company’s stock worth $703,000 after acquiring an additional 39 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in Air Products and Chemicals by 1.6% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company’s stock worth $737,000 after acquiring an additional 40 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $290.46 on Monday. 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 business’s 50 day moving average is $291.62 and its two-hundred day moving average is $283.36. The company has a market cap of $64.64 billion, a P/E ratio of 41.79, a P/E/G ratio of 6.47 and a beta of 0.82. 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 released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $3.02 billion for 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%.Air Products and Chemicals’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business 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. On average, equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.5%. 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 stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents 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 accessible through this link. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of research analyst reports. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Citigroup lifted their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, June 30th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a report on Friday, June 13th. They set an “outperform” rating and a $355.00 target price on the stock. Finally, Mizuho lifted their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.