Independent Solutions Wealth Management LLC Sells 51 Shares of Air Products and Chemicals, Inc. $APD

Independent Solutions Wealth Management LLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,455 shares of the basic materials company’s stock after selling 51 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Air Products and Chemicals were worth $975,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in APD. KLP Kapitalforvaltning AS raised its stake in Air Products and Chemicals by 4.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 80,353 shares of the basic materials company’s stock valued at $22,664,000 after purchasing an additional 3,500 shares during the period. Tyche Wealth Partners LLC boosted its holdings in shares of Air Products and Chemicals by 9.6% during the 2nd quarter. Tyche Wealth Partners LLC now owns 3,895 shares of the basic materials company’s stock valued at $1,099,000 after purchasing an additional 340 shares during the last quarter. Bingham Private Wealth LLC increased its holdings in shares of Air Products and Chemicals by 26.0% in the second quarter. Bingham Private Wealth LLC now owns 949 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 196 shares during the last quarter. SteelPeak Wealth LLC bought a new position in Air Products and Chemicals during the second quarter valued at approximately $2,552,000. Finally, Prime Capital Investment Advisors LLC grew its holdings in Air Products and Chemicals by 10.4% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 5,319 shares of the basic materials company’s stock valued at $1,500,000 after buying an additional 499 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APD has been the subject of a number of recent research reports. Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They issued an “outperform” rating and a $355.00 target price for the company. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Mizuho boosted their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $330.00.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $271.13 on Tuesday. 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 cap of $60.34 billion, a price-to-earnings ratio of 39.01, a price-to-earnings-growth ratio of 5.65 and a beta of 0.83. The firm has a 50-day moving average of $286.73 and a two-hundred day moving average of $281.47. 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. The company 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%.Air Products and Chemicals’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.20 earnings per share. 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, research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.6%. Air Products and Chemicals’s dividend payout ratio is 103.02%.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the transaction, the vice president 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

About Air Products and Chemicals

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.