Robertson Stephens Wealth Management LLC Has $305,000 Stock Holdings in Air Products and Chemicals, Inc. $APD

Robertson Stephens Wealth Management LLC trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,083 shares of the basic materials company’s stock after selling 82 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Air Products and Chemicals were worth $305,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of APD. Brighton Jones LLC boosted its stake in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after buying an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new stake in Air Products and Chemicals in the 4th quarter valued at about $245,000. GAMMA Investing LLC lifted its stake in Air Products and Chemicals by 8.0% in the 1st quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company’s stock valued at $1,250,000 after purchasing an additional 314 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in Air Products and Chemicals by 21.7% in the 1st quarter. Simon Quick Advisors LLC now owns 1,216 shares of the basic materials company’s stock valued at $359,000 after purchasing an additional 217 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its stake in Air Products and Chemicals by 6.7% in the 1st quarter. Everhart Financial Group Inc. now owns 1,280 shares of the basic materials company’s stock valued at $377,000 after purchasing an additional 80 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 2.1%

Shares of APD opened at $257.28 on Monday. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The firm’s 50 day moving average is $284.80 and its 200-day moving average is $280.63. The stock has a market capitalization of $57.26 billion, a PE ratio of 37.02, a P/E/G ratio of 5.33 and a beta of 0.83. 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 earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS 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 for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the firm earned $3.20 earnings per share. The business’s revenue for the quarter 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. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be given a dividend of $1.79 per share. The ex-dividend date 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%.

Wall Street Analyst Weigh In

APD has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. UBS Group lowered their price target on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Finally, Citigroup lowered their price target on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

Insider Activity

In related news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

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.