2,260 Air Products and Chemicals, Inc. $APD Shares Bought by Triangle Securities Wealth Management

Triangle Securities Wealth Management increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 75.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,260 shares of the basic materials company’s stock after acquiring an additional 2,260 shares during the period. Triangle Securities Wealth Management’s holdings in Air Products and Chemicals were worth $1,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Gamco Investors INC. ET AL lifted its stake in shares of Air Products and Chemicals by 0.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock valued at $1,147,000 after purchasing an additional 35 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. boosted its position in shares of Air Products and Chemicals by 46.1% during the 3rd quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 111 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares in the last quarter. Revisor Wealth Management LLC grew its stake in 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 worth $1,320,000 after purchasing an additional 36 shares during the period. Baader Bank Aktiengesellschaft grew its stake in 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 worth $1,463,000 after purchasing an additional 37 shares during the period. Finally, Northcape Wealth Management LLC increased its holdings in Air Products and Chemicals by 0.4% in the second quarter. Northcape Wealth Management LLC now owns 8,753 shares of the basic materials company’s stock worth $2,566,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a report on Friday, July 31st. Argus raised their price objective on shares of 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. Evercore reiterated an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 10th. Finally, UBS Group dropped their target price on shares of Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $334.71.

Air Products and Chemicals Stock Up 1.2%

APD opened at $292.42 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The company’s 50-day moving average is $293.95 and its 200 day moving average is $293.21. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The firm has a market capitalization of $65.12 billion, a P/E ratio of -1,329.18, a PEG ratio of 2.72 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping 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 business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company earned $3.09 earnings per share. The firm’s revenue for the quarter 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. Research analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is presently -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.