Belpointe Asset Management LLC Has $2.45 Million Holdings in Air Products and Chemicals, Inc. $APD

Belpointe Asset Management LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,691 shares of the basic materials company’s stock after purchasing an additional 117 shares during the quarter. Belpointe Asset Management LLC’s holdings in Air Products and Chemicals were worth $2,451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its stake in shares of Air Products and Chemicals by 20.9% during the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company’s stock worth $473,000 after buying an additional 277 shares during the last quarter. West Oak Capital LLC boosted its position in Air Products and Chemicals by 12.2% during the second quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after purchasing an additional 1,180 shares during the last quarter. Chapin Davis Inc. grew its stake in Air Products and Chemicals by 16.1% in the second 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 in the last quarter. Revisor Wealth Management LLC increased its position in shares of Air Products and Chemicals by 110.4% during the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Norden Group LLC boosted its holdings in shares of Air Products and Chemicals by 167.3% in the 2nd quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock valued at $1,636,000 after buying an additional 3,630 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 0.1%

Shares of NYSE:APD opened at $271.13 on Tuesday. 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 moving average of $286.73 and a 200-day moving average of $281.47. 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 $60.34 billion, a PE ratio of 39.01, a P/E/G ratio of 5.65 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping 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 period last year, the firm posted $3.20 EPS. The firm’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. As a group, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio is 103.02%.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction dated Tuesday, August 5th. The shares were 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. The trade was a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

APD has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price 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. UBS Group dropped their target price on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a report on Saturday, September 27th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Mizuho raised their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $330.00.

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.