Agate Pass Investment Management LLC Sells 82 Shares of Air Products and Chemicals, Inc. $APD

Agate Pass Investment Management LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,835 shares of the basic materials company’s stock after selling 82 shares during the period. Agate Pass Investment Management LLC’s holdings in Air Products and Chemicals were worth $1,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dodge & Cox grew its stake in shares of Air Products and Chemicals by 31.5% in the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock valued at $2,583,417,000 after buying an additional 2,096,568 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Air Products and Chemicals by 1.4% in the first quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company’s stock valued at $913,154,000 after buying an additional 43,695 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Air Products and Chemicals by 159.2% in the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock valued at $508,962,000 after buying an additional 1,059,970 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Air Products and Chemicals by 110.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock valued at $425,202,000 after buying an additional 756,780 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Air Products and Chemicals by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company’s stock valued at $385,698,000 after purchasing an additional 19,237 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Down 2.1%

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

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 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 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last 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. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be given a $1.79 dividend. The ex-dividend date 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 (DPR) is presently 103.02%.

Insider Activity at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the firm’s 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 in the company, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of several research reports. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a report on Friday, June 13th. They set an “outperform” rating and a $355.00 price target for the company. UBS Group cut their price target on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a report on Monday. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a report on Wednesday. Finally, Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

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.