18,360 Air Products and Chemicals, Inc. $APD Shares Purchased by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its Air Products and Chemicals stake by 344.9% in the third quarter, purchasing 18,360 additional shares for a total holding of 23,684 shares valued at approximately $6.48 million.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $333.56, despite UBS lowering its target to $305 and maintaining a neutral rating.
• Air Products reported quarterly EPS of $3.47, exceeding estimates, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, equivalent to a 2.6% annualized yield.

GAMMA Investing LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 344.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,684 shares of the basic materials company's stock after acquiring an additional 18,360 shares during the quarter. GAMMA Investing LLC's holdings in Air Products and Chemicals were worth $6,480,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Evolution Wealth Management Inc. acquired a new position in shares of Air Products and Chemicals in the 1st quarter valued at approximately $25,000. Fiduciary Financial Advisors acquired a new stake in Air Products and Chemicals during the 2nd quarter worth approximately $25,000. Main Street Group LTD acquired a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its position in shares of Air Products and Chemicals by 318.2% during the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company's stock worth $28,000 after acquiring an additional 70 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. raised its holdings in shares of Air Products and Chemicals by 77.6% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company's stock worth $28,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on APD. KeyCorp began coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They issued a "sector weight" rating for the company. Sanford C. Bernstein reiterated an "outperform" rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 31st. Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. UBS Group lowered their price target on shares of Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $333.56.

Air Products and Chemicals Stock Performance

Shares of APD opened at $277.76 on Friday. The company has a market cap of $61.85 billion, a PE ratio of -1,262.55, a price-to-earnings-growth ratio of 2.62 and a beta of 0.76. The firm has a 50-day moving average of $294.58 and a 200-day moving average of $293.23. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion for 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%. 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 firm 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, equities analysts forecast that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.6%. Air Products and Chemicals's dividend payout ratio (DPR) 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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