Western Wealth Management LLC Boosts Holdings in Air Products and Chemicals, Inc. $APD

Western Wealth Management LLC raised its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 198.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,837 shares of the basic materials company’s stock after acquiring an additional 2,552 shares during the quarter. Western Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,115,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in APD. Parallel Advisors LLC lifted its position in Air Products and Chemicals by 7.9% in the first quarter. Parallel Advisors LLC now owns 6,580 shares of the basic materials company’s stock valued at $1,912,000 after purchasing an additional 481 shares during the period. NewEdge Advisors LLC increased its position in Air Products and Chemicals by 26.7% during the 1st quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock worth $16,573,000 after purchasing an additional 12,020 shares during the period. First Nebraska Trust Co acquired a new position in Air Products and Chemicals during the 1st quarter worth approximately $3,917,000. Summitry LLC purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $25,562,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $1,279,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on APD shares. Berenberg Bank set a $350.00 price target on Air Products and Chemicals and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. raised their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $332.76.

View Our Latest Report on APD

Air Products and Chemicals Stock Performance

APD opened at $303.42 on Thursday. The stock has a market cap of $67.57 billion, a P/E ratio of -1,379.18, a P/E/G ratio of 2.69 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $292.50 and its 200 day simple moving average is $288.85. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.Air Products and Chemicals’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.09 earnings per share. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s payout ratio is -3,290.91%.

About Air Products and Chemicals

(Free Report)

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.

See Also

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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