Lion Street Advisors LLC Cuts Position in Air Products and Chemicals, Inc. $APD

Lion Street Advisors LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,824 shares of the basic materials company’s stock after selling 47 shares during the period. Lion Street Advisors LLC’s holdings in Air Products and Chemicals were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of APD. Financial Connections Group Inc. raised its stake in shares of Air Products and Chemicals by 46.7% during the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares in the last quarter. Hamilton Capital LLC raised its stake in shares of Air Products and Chemicals by 1.5% during the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock valued at $765,000 after purchasing an additional 38 shares in the last quarter. DB Fitzpatrick & Co Inc raised its stake in shares of Air Products and Chemicals by 1.0% during the second quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company’s stock valued at $1,089,000 after purchasing an additional 38 shares in the last quarter. Kathmere Capital Management LLC raised its stake in shares of Air Products and Chemicals by 2.6% during the first quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 39 shares in the last quarter. Finally, Connecticut Wealth Management LLC raised its stake in shares of Air Products and Chemicals by 1.7% during the first quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company’s stock valued at $703,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $257.28 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $284.80 and its two-hundred day moving average price is $280.63. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The stock has a market cap of $57.26 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 5.33 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last posted 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 for 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% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s payout ratio is presently 103.02%.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent analyst reports. UBS Group cut their price objective on shares of 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 lifted their price objective 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. Citigroup dropped their price target on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. 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 issued a Sell rating to the company. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.00.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the business’s 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 sale, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

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.