Two Point Capital Management Inc. Invests $6.51 Million in Air Products and Chemicals, Inc. $APD

Two Point Capital Management Inc. purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,080 shares of the basic materials company’s stock, valued at approximately $6,510,000. Air Products and Chemicals makes up approximately 2.8% of Two Point Capital Management Inc.’s portfolio, making the stock its 16th largest position.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management increased its holdings in Air Products and Chemicals by 20.9% in the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company’s stock valued at $473,000 after buying an additional 277 shares during the last quarter. West Oak Capital LLC increased its holdings in shares of Air Products and Chemicals by 12.2% in the 2nd quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after acquiring an additional 1,180 shares during the last quarter. Chapin Davis Inc. raised its position in shares of Air Products and Chemicals by 16.1% during the 2nd quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock valued at $3,147,000 after acquiring an additional 1,551 shares in the last quarter. Revisor Wealth Management LLC lifted its stake in Air Products and Chemicals by 110.4% during the second quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Norden Group LLC boosted its holdings in Air Products and Chemicals by 167.3% in the second quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock worth $1,636,000 after purchasing an additional 3,630 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research report on Wednesday. Finally, Mizuho boosted their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.06.

Air Products and Chemicals Price Performance

Shares of APD opened at $270.58 on Friday. The firm has a market capitalization of $60.22 billion, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 5.59 and a beta of 0.83. The stock’s fifty day moving average is $287.78 and its 200-day moving average is $281.91. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29.

Air Products and Chemicals (NYSE:APD) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the firm earned $3.20 EPS. Air Products and Chemicals’s revenue was up 1.2% on a year-over-year basis. 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 analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is currently 103.02%.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares of the company’s stock, valued at $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Air Products and Chemicals Company 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.