Air Products and Chemicals, Inc. $APD Shares Newly Acquired by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 9,361 shares of the basic materials company’s stock, valued at approximately $2,605,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its stake 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 worth $1,147,000 after purchasing an additional 35 shares during the last quarter. Revisor Wealth Management LLC boosted 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 buying an additional 36 shares during the period. Baader Bank Aktiengesellschaft grew its stake in shares of Air Products and Chemicals by 0.7% during the first quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock valued at $1,463,000 after buying an additional 37 shares during the last quarter. Northcape Wealth Management LLC grew its stake in shares of Air Products and Chemicals by 0.4% during 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 buying an additional 37 shares during the last quarter. Finally, Planning Strategies Inc. raised its holdings in shares of Air Products and Chemicals by 10.7% in the third quarter. Planning Strategies Inc. now owns 393 shares of the basic materials company’s stock worth $109,000 after buying an additional 38 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Evercore restated an “outperform” rating and set a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. Royal Bank Of Canada increased their target price on 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. Argus lifted their target price on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Barclays began coverage on Air Products and Chemicals in a research report on Monday. They set an “overweight” rating and a $353.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $334.71.

Air Products and Chemicals Trading Up 1.8%

Shares of Air Products and Chemicals stock traded up $5.25 on Tuesday, hitting $289.12. 891,364 shares of the company traded hands, compared to its average volume of 1,277,052. The stock’s 50 day moving average price is $294.01 and its 200-day moving average price is $293.22. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. 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 cap of $64.38 billion, a PE ratio of -1,314.19, a PEG ratio of 2.65 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last announced 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. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $3.09 earnings per share. Air Products and Chemicals’s revenue was up 4.6% compared to the same quarter last year. 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 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently -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.