Douglas Lane & Associates LLC Has $73.22 Million Position in Air Products and Chemicals, Inc. $APD

Douglas Lane & Associates LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 259,582 shares of the basic materials company’s stock after buying an additional 10,849 shares during the period. Air Products and Chemicals accounts for 1.1% of Douglas Lane & Associates LLC’s portfolio, making the stock its 29th largest holding. Douglas Lane & Associates LLC owned 0.12% of Air Products and Chemicals worth $73,218,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Air Products and Chemicals in the first quarter worth approximately $25,000. Saudi Central Bank acquired a new position in Air Products and Chemicals in the first quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $27,000. Citizens National Bank Trust Department grew its holdings in Air Products and Chemicals by 833.3% during the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

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 on Tuesday, August 5th. The shares were 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 $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Air Products and Chemicals Trading Down 0.5%

Shares of Air Products and Chemicals stock opened at $293.14 on Friday. The company’s fifty day simple moving average is $291.89 and its 200-day simple moving average is $284.30. The company has a market cap of $65.24 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 6.57 and a beta of 0.82. 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 1 year low of $243.69 and a 1 year 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. 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 quarter last year, the company posted $3.20 earnings per share. Air Products and Chemicals’s quarterly revenue was up 1.2% on a year-over-year basis. 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 expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s payout ratio is currently 103.02%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley assumed coverage on Air Products and Chemicals in a report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 price target on the stock. UBS Group increased their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday. Finally, Citigroup increased their price target on Air Products and Chemicals from $310.00 to $320.00 and gave the company a “buy” rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average 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.