Air Products and Chemicals, Inc. $APD Stock Purchased by Wedmont Private Capital

Wedmont Private Capital grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 248.2% in the third quarter, HoldingsChannel.com reports. The fund owned 10,433 shares of the basic materials company’s stock after purchasing an additional 7,437 shares during the period. Wedmont Private Capital’s holdings in Air Products and Chemicals were worth $2,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Journey Retirement Planning & Investment Management LLC increased its holdings in shares of Air Products and Chemicals by 92.1% in the 3rd quarter. Journey Retirement Planning & Investment Management LLC now owns 5,985 shares of the basic materials company’s stock worth $1,648,000 after buying an additional 2,869 shares during the last quarter. O Keefe Stevens Advisory Inc. raised its position in shares of Air Products and Chemicals by 658.3% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 39,994 shares of the basic materials company’s stock valued at $10,921,000 after buying an additional 34,720 shares in the last quarter. Dakota Community Bank & Trust NA lifted its holdings in shares of Air Products and Chemicals by 251.1% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 2,619 shares of the basic materials company’s stock worth $717,000 after acquiring an additional 1,873 shares during the last quarter. Graves Light Lenhart Wealth Inc. grew its position in Air Products and Chemicals by 78.9% in the third quarter. Graves Light Lenhart Wealth Inc. now owns 2,122 shares of the basic materials company’s stock worth $582,000 after acquiring an additional 936 shares in the last quarter. Finally, Chapin Davis Inc. grew its position in Air Products and Chemicals by 1.5% in the third quarter. Chapin Davis Inc. now owns 9,722 shares of the basic materials company’s stock worth $2,705,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on APD shares. UBS Group lowered their price target on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company upped their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Finally, Citigroup reduced their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $333.56.

Air Products and Chemicals Stock Up 1.1%

APD opened at $281.47 on Friday. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The business’s 50-day moving average price is $294.30 and its 200-day moving average price is $293.14. The company has a market cap of $62.68 billion, a P/E ratio of -1,279.40, a P/E/G ratio of 2.62 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate 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 positive return on equity of 16.87% and a negative net margin of 0.38%. Air Products and Chemicals’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.09 EPS. 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. On average, equities analysts expect that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Air Products and Chemicals 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.