55,554 Air Products and Chemicals, Inc. $APD Shares Purchased by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its Air Products and Chemicals holdings by 254.6% in the third quarter, purchasing 55,554 additional shares and bringing its total to 77,373 shares valued at $21.2 million. Institutional investors own 81.66% of the company.
• Air Products shares rose 0.8% to $295.01, while the company reported quarterly EPS of $3.47, exceeding analyst estimates of $3.34, despite revenue of $3.16 billion coming in below expectations.
• The company declared a quarterly dividend of $1.81 per share, representing an annualized payout of $7.24 and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $333.88.

State of Alaska Department of Revenue grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 254.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,373 shares of the basic materials company's stock after purchasing an additional 55,554 shares during the period. State of Alaska Department of Revenue's holdings in Air Products and Chemicals were worth $21,183,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Gamco Investors INC. ET AL increased its position in Air Products and Chemicals by 0.9% during the second quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company's stock valued at $1,147,000 after acquiring an additional 35 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. lifted its stake in shares of Air Products and Chemicals by 46.1% during the 3rd quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 111 shares of the basic materials company's stock worth $31,000 after acquiring an additional 35 shares during the last quarter. Revisor Wealth Management LLC grew its position in Air Products and Chemicals by 0.8% in the 1st quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company's stock valued at $1,320,000 after acquiring an additional 36 shares during the last quarter. Baader Bank Aktiengesellschaft grew its position in Air Products and Chemicals by 0.7% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company's stock valued at $1,463,000 after acquiring an additional 37 shares during the last quarter. Finally, Northcape Wealth Management LLC increased its stake in Air Products and Chemicals by 0.4% in the second quarter. Northcape Wealth Management LLC now owns 8,753 shares of the basic materials company's stock worth $2,566,000 after purchasing an additional 37 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Up 0.8%

Shares of APD stock traded up $2.48 during trading hours on Thursday, reaching $295.01. 272,420 shares of the company's stock were exchanged, compared to its average volume of 1,270,623. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The stock's 50 day moving average is $293.95 and its 200-day moving average is $293.21. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The company has a market cap of $65.69 billion, a price-to-earnings ratio of -1,339.04, a P/E/G ratio of 2.72 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts' consensus estimates 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 positive return on equity of 16.87% and a negative net margin of 0.38%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same period 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 predict 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 firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals's payout ratio is currently -3,290.91%.

Analysts Set New Price Targets

APD has been the subject of several research analyst reports. KeyCorp started coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They set a "sector weight" rating for the company. Royal Bank Of Canada lowered their price objective 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. Sanford C. Bernstein reaffirmed 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. Wells Fargo & Company increased their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Evercore restated an "outperform" rating and set a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $333.88.

About Air Products and Chemicals

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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