Drucker Wealth 3.0 LLC Reduces Stock Holdings in Air Products and Chemicals, Inc. $APD

Drucker Wealth 3.0 LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 28.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,623 shares of the basic materials company’s stock after selling 4,161 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Air Products and Chemicals were worth $3,126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of APD. Dodge & Cox grew its position in shares of 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 acquiring an additional 2,096,568 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Air Products and Chemicals by 1.4% during 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. grew its position in shares of 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 last quarter. Goldman Sachs Group Inc. grew its position in shares of Air Products and Chemicals by 110.5% during the first 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. grew its position in shares of Air Products and Chemicals by 1.5% during the first 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. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Down 2.1%

Shares of Air Products and Chemicals stock opened at $257.28 on Friday. The stock’s fifty day moving average is $284.80 and its 200-day moving average is $280.83. The firm has a market capitalization of $57.26 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 5.45 and a beta of 0.83. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior 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. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.8%. Air Products and Chemicals’s dividend payout ratio is currently 103.02%.

Insider Activity at Air Products and Chemicals

In other 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 transaction of $397,344.42. Following the transaction, the vice president owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APD. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Citigroup decreased their price target on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Wells Fargo & Company increased their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Mizuho increased their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada began coverage on Air Products and Chemicals in a research note on Friday, June 13th. They issued an “outperform” rating and a $355.00 price target for the company. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.