9,361 Shares of Air Products and Chemicals, Inc. $APD Acquired by Lineweaver Wealth Advisors LLC

Key Points

• Lineweaver Wealth Advisors acquired 9,361 Air Products and Chemicals shares worth approximately $2.6 million in the third quarter. Institutional investors own 81.66% of the company.
• APD shares rose 1.8% to $289.12, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $334.71.
• Air Products reported quarterly EPS of $3.47, exceeding estimates of $3.34, and declared a quarterly dividend of $1.81, representing a 2.5% annualized yield.

Lineweaver Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,361 shares of the basic materials company's stock, valued at approximately $2,605,000.

Several other large investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. purchased a new stake in shares of Air Products and Chemicals in the first quarter worth about $25,000. Fiduciary Financial Advisors purchased a new position in Air Products and Chemicals during the 2nd quarter valued at approximately $25,000. Main Street Group LTD purchased a new position in Air Products and Chemicals during the 1st quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its stake in Air Products and Chemicals by 318.2% in the 1st 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 during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. increased its stake in Air Products and Chemicals by 77.6% in the 3rd 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 last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Trading Up 1.8%

APD traded up $5.25 on Tuesday, hitting $289.12. The company had a trading volume of 891,364 shares, compared to its average volume of 1,277,052. The company has a market cap of $64.38 billion, a PE ratio of -1,314.19, a PEG ratio of 2.65 and a beta of 0.76. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. 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's fifty day simple moving average is $294.01 and its 200 day simple moving average is $293.22.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced 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. The firm 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 company's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities research analysts expect that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. 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 dividend payout ratio (DPR) is currently -3,290.91%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Argus upped their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a report on Wednesday, September 9th. Weiss Ratings lowered shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Mizuho upped their price target on shares of 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. Finally, Citigroup decreased their price target on shares of Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven 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 a consensus target price of $334.71.

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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