Agate Pass Investment Management LLC Has $1.93 Million Holdings in Air Products and Chemicals, Inc. $APD

Agate Pass Investment Management LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its position in Air Products and Chemicals by 20.9% during the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company’s stock valued at $473,000 after purchasing an additional 277 shares during the period. West Oak Capital LLC lifted its position in Air Products and Chemicals by 12.2% during the 2nd quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after purchasing an additional 1,180 shares during the period. Chapin Davis Inc. increased its stake in shares of Air Products and Chemicals by 16.1% in the 2nd quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock valued at $3,147,000 after acquiring an additional 1,551 shares during the last quarter. Revisor Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 110.4% in the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock valued at $966,000 after acquiring an additional 1,713 shares during the last quarter. Finally, Norden Group LLC increased its stake in shares of Air Products and Chemicals by 167.3% in the 2nd quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock valued at $1,636,000 after acquiring an additional 3,630 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by company insiders.

Air Products and Chemicals Price Performance

NYSE APD opened at $257.28 on Friday. The business has a 50 day simple moving average of $284.80 and a 200 day simple moving average of $280.83. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The stock has a market cap of $57.26 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 5.45 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the business earned $3.20 EPS. Air Products and Chemicals’s revenue for the quarter 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 anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.8%. Air Products and Chemicals’s dividend payout ratio is 103.02%.

Analysts Set New Price Targets

A number of analysts have recently commented on APD shares. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada started coverage on Air Products and Chemicals in a research note on Friday, June 13th. They issued an “outperform” rating and a $355.00 price target for the company. Wells Fargo & Company upped their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Citigroup lowered their price target on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Finally, The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $330.00.

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.