Running Oak Capital LLC Boosts Stock Holdings in Air Products and Chemicals, Inc. $APD

Running Oak Capital LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 13.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 55,891 shares of the basic materials company’s stock after buying an additional 6,413 shares during the quarter. Running Oak Capital LLC’s holdings in Air Products and Chemicals were worth $15,765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APD. Simplicity Wealth LLC increased its holdings in Air Products and Chemicals by 128.2% during the second quarter. Simplicity Wealth LLC now owns 8,424 shares of the basic materials company’s stock valued at $2,376,000 after buying an additional 4,733 shares during the period. O Keefe Stevens Advisory Inc. increased its holdings in shares of Air Products and Chemicals by 24.1% in the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 4,024 shares of the basic materials company’s stock valued at $1,135,000 after acquiring an additional 782 shares during the period. ZWJ Investment Counsel Inc. increased its holdings in shares of Air Products and Chemicals by 4.9% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 59,100 shares of the basic materials company’s stock valued at $16,670,000 after acquiring an additional 2,774 shares during the period. Precedent Wealth Partners LLC raised its position in shares of Air Products and Chemicals by 22.3% in the 2nd quarter. Precedent Wealth Partners LLC now owns 4,668 shares of the basic materials company’s stock worth $1,317,000 after acquiring an additional 851 shares in the last quarter. Finally, Two Point Capital Management Inc. purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter worth $6,510,000. 81.66% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals 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 completion of the sale, the vice president owned 8,686 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by insiders.

Air Products and Chemicals Trading Up 0.2%

Shares of Air Products and Chemicals stock opened at $271.24 on Monday. The firm’s 50 day simple moving average is $287.22 and its two-hundred day simple moving average is $281.61. The firm has a market capitalization of $60.36 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 5.65 and a beta of 0.83. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14. 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 (NYSE:APD) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the company earned $3.20 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. 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. Analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company 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 $1.79 dividend. 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 2.6%. Air Products and Chemicals’s dividend payout ratio is currently 103.02%.

Wall Street Analysts Forecast Growth

APD has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a report on Saturday, September 27th. UBS Group boosted their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada started coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an “outperform” rating and a $355.00 target price for the company. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research report on Wednesday. Finally, Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $335.06.

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.