Lmcg Investments LLC Has $228,000 Stock Holdings in Air Products and Chemicals, Inc. $APD

Lmcg Investments LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 12.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 808 shares of the basic materials company’s stock after selling 110 shares during the period. Lmcg Investments LLC’s holdings in Air Products and Chemicals were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Blue Zone Wealth Advisors LLC raised its position in shares of Air Products and Chemicals by 3.2% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 17,715 shares of the basic materials company’s stock valued at $4,997,000 after acquiring an additional 549 shares during the period. Blue Trust Inc. increased its stake in Air Products and Chemicals by 46.3% during the 2nd quarter. Blue Trust Inc. now owns 3,304 shares of the basic materials company’s stock worth $932,000 after purchasing an additional 1,045 shares in the last quarter. Total Wealth Planning & Management Inc. increased its stake in Air Products and Chemicals by 23.1% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 1,421 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 267 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Air Products and Chemicals by 6.6% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 4,109 shares of the basic materials company’s stock worth $1,159,000 after purchasing an additional 253 shares in the last quarter. Finally, Stonebridge Financial Group LLC increased its stake in Air Products and Chemicals by 4.9% during the 2nd quarter. Stonebridge Financial Group LLC now owns 13,907 shares of the basic materials company’s stock worth $3,923,000 after purchasing an additional 645 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the transaction, the vice president directly owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of APD opened at $257.28 on Friday. The stock has a market capitalization of $57.26 billion, a P/E ratio of 37.02, a P/E/G ratio of 5.33 and a beta of 0.83. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a 50 day moving average of $284.80 and a 200-day moving average of $280.74. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results 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. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the business earned $3.20 EPS. The business’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, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.8%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 103.02%.

Analysts Set New Price Targets

A number of analysts recently issued reports on APD shares. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research note on Wednesday, October 1st. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Wells Fargo & Company increased their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Citigroup decreased their price target on shares of 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. One equities research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.