West Oak Capital LLC Has $3.05 Million Stock Position in Air Products and Chemicals, Inc. $APD

West Oak Capital LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,815 shares of the basic materials company’s stock after purchasing an additional 1,180 shares during the quarter. Air Products and Chemicals makes up about 1.2% of West Oak Capital LLC’s holdings, making the stock its 27th biggest position. West Oak Capital LLC’s holdings in Air Products and Chemicals were worth $3,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CHICAGO TRUST Co NA grew its stake in Air Products and Chemicals by 26.8% in the 2nd quarter. CHICAGO TRUST Co NA now owns 1,899 shares of the basic materials company’s stock valued at $536,000 after buying an additional 401 shares during the last quarter. Golden State Equity Partners bought a new position in shares of Air Products and Chemicals during the 2nd quarter worth about $515,000. Mechanics Bank Trust Department lifted its holdings in shares of Air Products and Chemicals by 5.4% during the 2nd quarter. Mechanics Bank Trust Department now owns 1,768 shares of the basic materials company’s stock worth $499,000 after acquiring an additional 91 shares during the period. Salvus Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 21.6% during the 2nd quarter. Salvus Wealth Management LLC now owns 4,717 shares of the basic materials company’s stock worth $1,330,000 after acquiring an additional 838 shares during the period. Finally, Chapin Davis Inc. lifted its holdings in 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 purchasing an additional 1,551 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Air Products and Chemicals Price Performance

NYSE:APD opened at $287.98 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The firm’s fifty day moving average price is $291.56 and its two-hundred day moving average price is $283.16. 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 market cap of $64.09 billion, a P/E ratio of 41.44, a P/E/G ratio of 6.47 and a beta of 0.82.

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 the consensus estimate 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 business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the company posted $3.20 earnings per share. Air Products and Chemicals’s 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. Equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share 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. Investors of record on Wednesday, October 1st will be given a dividend of $1.79 per share. The ex-dividend date of this dividend 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 is currently 103.02%.

Analysts Set New Price Targets

Several brokerages recently issued reports on APD. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Citigroup lifted 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. 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 for the company. UBS Group boosted their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Mizuho lifted their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $335.07.

Air Products and Chemicals 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.