12,530 Air Products and Chemicals, Inc. $APD Shares Purchased by Harrell Investment Partners LLC

Key Points

• Harrell Investment Partners increased its Air Products and Chemicals stake by 78.4%, purchasing 12,530 shares in the third quarter and bringing its holdings to 28,518 shares worth approximately $7.86 million.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $333.88, although some firms recently lowered their targets.
• Air Products reported quarterly EPS of $3.47, exceeding estimates, while revenue reached $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, equivalent to a 2.4% annualized yield.

Harrell Investment Partners LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 78.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,518 shares of the basic materials company's stock after buying an additional 12,530 shares during the quarter. Air Products and Chemicals comprises about 1.6% of Harrell Investment Partners LLC's holdings, making the stock its 17th largest position. Harrell Investment Partners LLC's holdings in Air Products and Chemicals were worth $7,857,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in Air Products and Chemicals by 277.4% in the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock worth $10,597,451,000 after buying an additional 28,050,956 shares in the last quarter. BlackRock Inc. purchased a new stake in Air Products and Chemicals during the 2nd quarter valued at about $5,370,093,000. Bank of America Corp DE purchased a new stake in shares of Air Products and Chemicals during the second quarter valued at approximately $1,216,976,000. Envestnet Asset Management Inc. increased its position in shares of Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company's stock valued at $927,010,000 after acquiring an additional 2,563,873 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Air Products and Chemicals in the second quarter valued at about $495,201,000. Institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APD. Royal Bank Of Canada dropped their target price on shares of Air Products and Chemicals from $360.00 to $346.00 and set an "outperform" rating for the company in a research report on Thursday. Citigroup cut 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 report on Wednesday, October 7th. KeyCorp initiated coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They issued a "sector weight" rating on the stock. Argus increased their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a report on Wednesday, September 9th. Finally, Mizuho lifted their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Air Products and Chemicals currently has an average rating of "Moderate Buy" and a consensus target price of $333.88.

Air Products and Chemicals Price Performance

APD opened at $296.49 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The business has a fifty day moving average of $293.89 and a 200 day moving average of $293.24. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The stock has a market cap of $66.03 billion, a P/E ratio of -1,347.68, a PEG ratio of 2.75 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) 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 negative net margin of 0.38% and a positive return on equity of 16.87%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $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. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals's payout ratio is currently -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.

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