RFG Advisory LLC Increases Position in Air Products and Chemicals, Inc. $APD

RFG Advisory LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.5% during the second quarter, HoldingsChannel reports. The fund owned 7,696 shares of the basic materials company’s stock after acquiring an additional 259 shares during the quarter. RFG Advisory LLC’s holdings in Air Products and Chemicals were worth $2,171,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Financial Connections Group Inc. lifted its holdings in Air Products and Chemicals by 46.7% in the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 35 shares during the last quarter. Hamilton Capital LLC lifted its holdings in Air Products and Chemicals by 1.5% in the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock valued at $765,000 after acquiring an additional 38 shares during the last quarter. DB Fitzpatrick & Co Inc lifted its holdings in Air Products and Chemicals by 1.0% in 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 acquiring an additional 38 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in Air Products and Chemicals by 2.6% in the first quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company’s stock valued at $454,000 after acquiring an additional 39 shares during the last quarter. Finally, Connecticut Wealth Management LLC lifted its holdings in Air Products and Chemicals by 1.7% in the first quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company’s stock valued at $703,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on APD. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a report on Wednesday, October 8th. UBS Group decreased their price target 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. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research note on Wednesday, October 1st. Finally, Mizuho upped 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. 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $330.00.

Air Products and Chemicals Stock Down 1.7%

Shares of NYSE APD opened at $257.44 on Thursday. The stock has a market cap of $57.29 billion, a P/E ratio of 37.04, a PEG ratio of 5.43 and a beta of 0.83. The company has a current ratio of 1.29, a quick ratio of 1.12 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. The business’s fifty day simple moving average is $283.02 and its 200-day simple moving average is $280.12.

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, beating the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $3.20 earnings per share. 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 analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal 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 paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 103.02%.

Insider Activity

In related news, VP Victoria Brifo sold 1,359 shares of the 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 transaction, 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 filing with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

About Air Products and Chemicals

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.