Graves Light Lenhart Wealth Inc. Has $421,000 Stock Position in Air Products and Chemicals, Inc. $APD

Graves Light Lenhart Wealth Inc. decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,494 shares of the basic materials company’s stock after selling 207 shares during the quarter. Graves Light Lenhart Wealth Inc.’s holdings in Air Products and Chemicals were worth $421,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Dodge & Cox increased its position in shares of Air Products and Chemicals by 31.5% during the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after purchasing an additional 2,096,568 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Air Products and Chemicals by 1.4% during the 1st quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company’s stock worth $913,154,000 after acquiring an additional 43,695 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Air Products and Chemicals by 159.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock worth $508,962,000 after acquiring an additional 1,059,970 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Air Products and Chemicals by 110.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock worth $425,202,000 after acquiring an additional 756,780 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Air Products and Chemicals by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company’s stock worth $385,698,000 after acquiring an additional 19,237 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of APD opened at $284.95 on Wednesday. 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 stock has a market cap of $63.42 billion, a PE ratio of 41.00, a PEG ratio of 6.46 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. The business has a 50-day simple moving average of $291.76 and a two-hundred day simple moving average of $283.93.

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, beating the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion during 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%.The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company 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 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be given a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 103.02%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APD shares. Morgan Stanley started coverage on Air Products and Chemicals in a report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 target price on the stock. UBS Group boosted their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Citigroup boosted 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. Wells Fargo & Company boosted their price target on 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, Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $335.07.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the transaction, the vice president directly owned 8,686 shares in the company, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

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.