Robertson Stephens Wealth Management LLC Purchases 12,393 Shares of Air Products and Chemicals, Inc. $APD

Robertson Stephens Wealth Management LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1,352.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,309 shares of the basic materials company’s stock after buying an additional 12,393 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Air Products and Chemicals were worth $3,627,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lee Financial Co lifted its stake in Air Products and Chemicals by 1.3% in the third quarter. Lee Financial Co now owns 3,205 shares of the basic materials company’s stock worth $892,000 after acquiring an additional 40 shares during the period. Frank Rimerman Advisors LLC increased its position in Air Products and Chemicals by 698.0% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 13,949 shares of the basic materials company’s stock valued at $3,807,000 after purchasing an additional 12,201 shares during the period. Birch Hill Investment Advisors LLC increased its position in Air Products and Chemicals by 81.9% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 16,714 shares of the basic materials company’s stock valued at $4,604,000 after purchasing an additional 7,523 shares during the period. Forbes J M & Co. LLP increased its position in Air Products and Chemicals by 1,827.8% during the 3rd quarter. Forbes J M & Co. LLP now owns 59,183 shares of the basic materials company’s stock valued at $16,124,000 after purchasing an additional 56,113 shares during the period. Finally, Align Financial LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $39,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APD has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. KeyCorp initiated coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They set a “sector weight” rating on the stock. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Royal Bank Of Canada lowered their target price on Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Mizuho upped their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $333.88.

Air Products and Chemicals Price Performance

APD opened at $299.19 on Friday. The firm has a market capitalization of $66.63 billion, a PE ratio of -1,359.98, a price-to-earnings-growth ratio of 2.82 and a beta of 0.76. 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 business’s 50-day moving average is $293.80 and its two-hundred day moving average is $293.28. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87.

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

Air Products and Chemicals Announces Dividend

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 dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is -3,290.91%.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.