Lineweaver Wealth Advisors LLC Buys 921 Shares of Air Products and Chemicals, Inc. $APD

Lineweaver Wealth Advisors LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 15.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,708 shares of the basic materials company’s stock after purchasing an additional 921 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $1,892,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dodge & Cox boosted its position in Air Products and Chemicals by 31.5% during the first 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 period. Raymond James Financial Inc. grew its stake in shares of Air Products and Chemicals by 1.4% in the first 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 position in Air Products and Chemicals by 159.2% during the first 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 period. Goldman Sachs Group Inc. boosted its holdings in Air Products and Chemicals by 110.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock valued at $425,202,000 after purchasing an additional 756,780 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Air Products and Chemicals by 1.5% in 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 purchasing an additional 19,237 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the transaction, the vice president directly 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

Several research analysts have recently issued reports on APD shares. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They set an “outperform” rating and a $355.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Morgan Stanley started coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 price objective on the stock. Finally, Citigroup boosted their price objective on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $335.07.

Air Products and Chemicals Price Performance

NYSE:APD opened at $284.95 on Wednesday. The firm has a market cap of $63.42 billion, a PE ratio of 41.00, a price-to-earnings-growth 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 company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $291.76 and its two-hundred day moving average price is $283.93.

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, beating 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 firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the business earned $3.20 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently announced 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio is presently 103.02%.

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.