Wealth Intelligence LLC raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 283.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,457 shares of the basic materials company’s stock after buying an additional 11,421 shares during the quarter. Air Products and Chemicals accounts for 1.9% of Wealth Intelligence LLC’s investment portfolio, making the stock its 14th largest holding. Wealth Intelligence LLC’s holdings in Air Products and Chemicals were worth $4,231,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cyndeo Wealth Partners LLC boosted its position in shares of Air Products and Chemicals by 3,680.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 49,216 shares of the basic materials company’s stock worth $13,401,000 after purchasing an additional 47,914 shares in the last quarter. Hanson & Doremus Investment Management increased its position in Air Products and Chemicals by 55.3% in the 3rd quarter. Hanson & Doremus Investment Management now owns 4,457 shares of the basic materials company’s stock valued at $1,229,000 after buying an additional 1,587 shares in the last quarter. Aspiriant LLC increased its position in Air Products and Chemicals by 852.8% in the 3rd quarter. Aspiriant LLC now owns 7,699 shares of the basic materials company’s stock valued at $2,101,000 after buying an additional 6,891 shares in the last quarter. Pension & Wealth Management Advisors Inc. raised its stake in Air Products and Chemicals by 811.6% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 784 shares of the basic materials company’s stock worth $215,000 after buying an additional 698 shares during the period. Finally, Howard Capital Management LLC raised its stake in Air Products and Chemicals by 191.1% during the 3rd quarter. Howard Capital Management LLC now owns 6,384 shares of the basic materials company’s stock worth $1,751,000 after buying an additional 4,191 shares during the period. 81.66% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a report on Monday, August 3rd. KeyCorp assumed coverage on Air Products and Chemicals in a report on Thursday, September 10th. They set a “sector weight” rating for the company. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 31st. Royal Bank Of Canada lowered their target price on Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Citigroup cut 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.88.
View Our Latest Report on Air Products and Chemicals
Air Products and Chemicals Stock Up 0.9%
NYSE:APD traded up $2.60 on Friday, hitting $299.19. The stock had a trading volume of 1,215,730 shares, compared to its average volume of 1,153,743. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market cap of $66.63 billion, a P/E ratio of -1,359.98, a price-to-earnings-growth ratio of 2.79 and a beta of 0.76. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The firm’s fifty day simple moving average is $293.80 and its two-hundred day simple moving average is $293.28.
Air Products and Chemicals (NYSE:APD – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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 last 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. Analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.
Air Products and Chemicals Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is -3,290.91%.
Air Products and Chemicals Company Profile
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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