Harrell Investment Partners LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 78.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 28,518 shares of the basic materials company’s stock after purchasing an additional 12,530 shares during the period. Air Products and Chemicals makes up about 1.6% of Harrell Investment Partners LLC’s investment portfolio, making the stock its 17th biggest position. Harrell Investment Partners LLC’s holdings in Air Products and Chemicals were worth $7,857,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its position in Air Products and Chemicals by 0.9% in the second quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock valued at $1,147,000 after purchasing an additional 35 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. lifted its position in Air Products and Chemicals by 46.1% in the third quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 111 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares during the last quarter. Revisor Wealth Management LLC increased its position in shares of Air Products and Chemicals by 0.8% during the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock valued at $1,320,000 after acquiring an additional 36 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in shares of Air Products and Chemicals by 0.7% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 37 shares during the last quarter. Finally, Northcape Wealth Management LLC raised its position in Air Products and Chemicals by 0.4% in the second quarter. Northcape Wealth Management LLC now owns 8,753 shares of the basic materials company’s stock valued at $2,566,000 after purchasing an additional 37 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on APD shares. Barclays began coverage on shares of Air Products and Chemicals in a research note on Monday. They set an “overweight” rating and a $353.00 target price on the stock. Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Citigroup dropped their target price on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. Finally, KeyCorp started coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They set a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.88.
Check Out Our Latest Analysis on APD
Air Products and Chemicals Stock Performance
Shares of APD opened at $296.49 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The company has a market capitalization of $66.03 billion, a PE ratio of -1,347.68, a P/E/G ratio of 2.75 and a beta of 0.76. The company has a 50-day simple moving average of $293.89 and a 200-day simple moving average of $293.24. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01.
Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities research analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share 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. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a 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
Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.
Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.
Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.
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