WealthPLAN Partners LLC Lowers Holdings in Air Products and Chemicals, Inc. $APD

WealthPLAN Partners LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 29.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,324 shares of the basic materials company’s stock after selling 3,843 shares during the quarter. WealthPLAN Partners LLC’s holdings in Air Products and Chemicals were worth $2,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dodge & Cox grew its holdings in Air Products and Chemicals by 31.5% in the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock valued at $2,583,417,000 after buying an additional 2,096,568 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Air Products and Chemicals by 1.4% in the 1st quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company’s stock valued at $913,154,000 after purchasing an additional 43,695 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Air Products and Chemicals by 159.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock valued at $508,962,000 after purchasing an additional 1,059,970 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 valued at $385,698,000 after purchasing an additional 19,237 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Transactions at Air Products and Chemicals

In other 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 completion of the sale, the vice president 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 filing with the SEC, which is available through this link. Company insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on APD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. UBS Group reduced their price objective on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Mizuho boosted their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Finally, Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Stock Performance

Shares of APD opened at $257.44 on Thursday. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week 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 firm has a market cap of $57.29 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 5.43 and a beta of 0.83. The business’s 50 day moving average is $283.02 and its two-hundred day moving average is $280.12.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The business 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 in the previous year, the business earned $3.20 EPS. 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 forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders 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 yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is 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.