34,720 Air Products and Chemicals, Inc. $APD Shares Bought by O Keefe Stevens Advisory Inc.

Key Points

• O Keefe Stevens Advisory increased its Air Products and Chemicals stake by 658.3% in the third quarter, buying 34,720 shares for a total position of 39,994 shares valued at approximately $10.9 million.
• Air Products reported quarterly EPS of $3.47, exceeding analysts’ $3.34 estimate, while revenue reached $3.16 billion. The company reaffirmed FY 2026 EPS guidance of $13.39–$13.49.
• The company declared a quarterly dividend of $1.81 per share, equating to $7.24 annually and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $333.56.

O Keefe Stevens Advisory Inc. lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 658.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,994 shares of the basic materials company's stock after purchasing an additional 34,720 shares during the period. Air Products and Chemicals accounts for approximately 2.3% of O Keefe Stevens Advisory Inc.'s portfolio, making the stock its 18th biggest holding. O Keefe Stevens Advisory Inc.'s holdings in Air Products and Chemicals were worth $10,921,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in APD. Evolution Wealth Management Inc. acquired a new stake in shares of Air Products and Chemicals in the first quarter worth $25,000. Fiduciary Financial Advisors bought a new position in shares of Air Products and Chemicals during the 2nd quarter worth about $25,000. Cornerstone Planning Group LLC raised 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 valued at $28,000 after buying an additional 70 shares during the last quarter. Main Street Group LTD acquired a new position in shares of Air Products and Chemicals during the first quarter valued at about $27,000. Finally, MJT & Associates Financial Advisory Group Inc. grew its position in 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 buying an additional 45 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded up $4.18 during trading on Friday, reaching $282.56. The company had a trading volume of 198,447 shares, compared to its average volume of 1,279,797. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The business's 50 day moving average price is $294.58 and its 200-day moving average price is $293.23. The stock has a market cap of $62.92 billion, a PE ratio of -1,284.30, a PEG ratio of 2.62 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.09 earnings per share. 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. Analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed 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. This represents a $7.24 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's payout ratio is currently -3,290.91%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group cut their price target on Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating for the company in a report on Monday. Evercore restated an "outperform" rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 10th. Weiss Ratings cut Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, 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 report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $333.56.

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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