Air Products and Chemicals, Inc. $APD Holdings Raised by Belpointe Asset Management LLC

Belpointe Asset Management LLC lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% during the first quarter, Holdings Channel.com reports. The firm owned 8,574 shares of the basic materials company’s stock after acquiring an additional 59 shares during the period. Belpointe Asset Management LLC’s holdings in Air Products and Chemicals were worth $2,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Air Products and Chemicals during the first quarter valued at about $25,000. Saudi Central Bank bought a new stake in Air Products and Chemicals in the first quarter worth about $26,000. Cheviot Value Management LLC bought a new stake in Air Products and Chemicals in the first quarter worth about $27,000. Citizens National Bank Trust Department raised its position in Air Products and Chemicals by 833.3% in the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in Air Products and Chemicals in the first quarter worth about $37,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Up 0.0%

NYSE:APD opened at $287.23 on Thursday. The stock has a market cap of $63.92 billion, a PE ratio of 41.33, a price-to-earnings-growth ratio of 6.41 and a beta of 0.82. The stock’s 50-day moving average is $291.81 and its two-hundred day moving average is $284.78. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the business posted $3.20 EPS. The firm’s quarterly revenue 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 research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal 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 given a dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. Air Products and Chemicals’s payout ratio is currently 103.02%.

Insider Activity

In other Air Products and Chemicals 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 SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the topic of several research reports. UBS Group boosted 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. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Citigroup boosted their price target on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Finally, Mizuho lifted their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.