Air Products and Chemicals, Inc. $APD Stock: Wealth Intelligence LLC Boosts Position

Wealth Intelligence LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 283.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,457 shares of the basic materials company’s stock after buying an additional 11,421 shares during the period. Air Products and Chemicals comprises about 1.9% of Wealth Intelligence LLC’s holdings, making the stock its 14th biggest position. Wealth Intelligence LLC’s holdings in Air Products and Chemicals were worth $4,231,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC lifted 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 valued at $13,401,000 after buying an additional 47,914 shares during the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Air Products and Chemicals by 55.3% in the third quarter. Hanson & Doremus Investment Management now owns 4,457 shares of the basic materials company’s stock valued at $1,229,000 after acquiring an additional 1,587 shares during the period. Aspiriant LLC boosted its holdings 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 purchasing an additional 6,891 shares during the period. Pension & Wealth Management Advisors Inc. grew its position in Air Products and Chemicals by 811.6% during the third 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 in the last quarter. Finally, Howard Capital Management LLC grew its holdings in shares of Air Products and Chemicals by 191.1% during the third quarter. Howard Capital Management LLC now owns 6,384 shares of the basic materials company’s stock worth $1,751,000 after purchasing an additional 4,191 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.9%

Shares of NYSE APD traded up $2.60 on Friday, reaching $299.19. 1,215,730 shares of the company’s stock traded hands, compared to its average volume of 1,153,743. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The business’s 50 day simple moving average is $293.80 and its two-hundred day simple moving average is $293.28. The company has a market cap of $66.63 billion, a price-to-earnings ratio of -1,359.98, a price-to-earnings-growth ratio of 2.79 and a beta of 0.76. 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) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the business earned $3.09 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. 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 research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors 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 dividend payout ratio (DPR) is -3,290.91%.

Analysts Set New Price Targets

Several brokerages have recently commented on APD. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research report on Monday, August 3rd. Argus upped their price objective on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Mizuho raised their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Citigroup reduced their price objective on shares of Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $333.88.

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.