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

Key Points

• Robertson Stephens Wealth Management increased its Air Products and Chemicals position by 1,352.9%, acquiring 12,393 additional shares and bringing its holdings to 13,309 shares valued at approximately $3.63 million.
• Institutional ownership remains high at 81.66%, with major investors including State Street, BlackRock, Bank of America and Envestnet also expanding or initiating positions.
• APD reported quarterly EPS of $3.47, beating estimates, while revenue rose 4.6% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $333.88, and the company announced a $1.81 quarterly dividend.

Robertson Stephens Wealth Management LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1,352.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Street Corp grew its stake in shares of Air Products and Chemicals by 277.4% during the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock valued at $10,597,451,000 after buying an additional 28,050,956 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $5,370,093,000. Bank of America Corp DE lifted its stake in shares of Air Products and Chemicals by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company's stock worth $1,290,801,000 after acquiring an additional 556,188 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Air Products and Chemicals by 326.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company's stock worth $927,010,000 after acquiring an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC boosted its holdings in Air Products and Chemicals by 0.5% during the 1st quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company's stock valued at $779,665,000 after acquiring an additional 14,262 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $299.19 on Friday. 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 has a market capitalization of $66.63 billion, a P/E ratio of -1,359.98, a P/E/G ratio of 2.82 and a beta of 0.76. The company's 50-day simple moving average is $293.80 and its two-hundred day simple moving average is $293.28. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $3.20 billion. During the same period last year, the company posted $3.09 earnings per share. The company's quarterly revenue 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. As a group, equities analysts anticipate 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 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 of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

Analyst Ratings Changes

Several equities analysts have commented on APD shares. Weiss Ratings downgraded Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. UBS Group reduced their target price on Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. Sanford C. Bernstein reiterated an "outperform" rating and set a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Barclays began coverage on Air Products and Chemicals in a research report on Monday, October 12th. They set an "overweight" rating and a $353.00 target price for the company. Finally, Citigroup lowered their target price on shares of Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating for the company in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $333.88.

Air Products and Chemicals Company Profile

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.

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