MGO One Seven LLC lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 76.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,080 shares of the basic materials company’s stock after acquiring an additional 12,186 shares during the period. MGO One Seven LLC’s holdings in Air Products and Chemicals were worth $7,658,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of APD. Twin Peaks Wealth Advisors LLC purchased a new position in Air Products and Chemicals in the second quarter worth approximately $28,000. Traub Capital Management LLC acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at $28,000. Abound Wealth Management grew its holdings in shares of Air Products and Chemicals by 292.3% during the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 76 shares during the period. Westside Investment Management Inc. increased its position in shares of Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Financial Connections Group Inc. raised its holdings in Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on APD shares. Evercore ISI lowered their price objective on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $310.00 to $250.00 in a research report on Thursday, December 11th. JPMorgan Chase & Co. dropped their price objective on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Mizuho decreased their target price on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Finally, Argus lowered their target price on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $292.00.
Air Products and Chemicals Stock Performance
Shares of APD opened at $267.09 on Tuesday. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $341.14. The stock has a market capitalization of $59.45 billion, a PE ratio of -150.05, a PEG ratio of 2.60 and a beta of 0.87. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38. The stock has a 50-day simple moving average of $252.05 and a 200-day simple moving average of $270.87.
Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.56 EPS. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. On average, analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.
Air Products and Chemicals Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 2nd will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s payout ratio is currently -402.25%.
Air Products and Chemicals Profile
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.
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