Wedbush Securities Inc. Grows Stake in Air Products and Chemicals, Inc. $APD

Wedbush Securities Inc. increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 13.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,496 shares of the basic materials company’s stock after purchasing an additional 651 shares during the quarter. Wedbush Securities Inc.’s holdings in Air Products and Chemicals were worth $1,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APD. Dodge & Cox lifted its position in shares of Air Products and Chemicals by 31.5% during the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after buying an additional 2,096,568 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Air Products and Chemicals by 110.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock valued at $425,202,000 after buying an additional 756,780 shares during the last quarter. Electron Capital Partners LLC raised its stake in Air Products and Chemicals by 251.4% during the 1st quarter. Electron Capital Partners LLC now owns 311,668 shares of the basic materials company’s stock worth $91,917,000 after acquiring an additional 222,980 shares in the last quarter. Strs Ohio purchased a new stake in Air Products and Chemicals in the first quarter valued at $42,661,000. Finally, Ameriprise Financial Inc. boosted its stake in Air Products and Chemicals by 19.9% in the first quarter. Ameriprise Financial Inc. now owns 492,744 shares of the basic materials company’s stock valued at $145,750,000 after acquiring an additional 81,737 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research report on Wednesday, October 1st. Royal Bank Of Canada cut their price target on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Friday. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. UBS Group lowered their target price on shares of Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Citigroup reduced 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 report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.83.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $259.50 on Monday. 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 business has a 50 day simple moving average of $268.94 and a 200-day simple moving average of $278.25. Air Products and Chemicals, Inc. has a 12 month low of $235.55 and a 12 month high of $341.14. The stock has a market capitalization of $57.75 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 5.16 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.56 EPS. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS. FY 2026 guidance at 12.850-13.150 EPS. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals 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.