Air Products and Chemicals, Inc. $APD Holdings Raised by Cohen Klingenstein LLC

Key Points

• Cohen Klingenstein LLC increased its Air Products and Chemicals position by 3,098.6% in the third quarter, acquiring 123,943 additional shares for a total stake valued at approximately $34.8 million. Institutional investors collectively own 81.66% of the company.
• Analysts remain broadly positive, with Air Products and Chemicals receiving a consensus “Moderate Buy” rating and an average price target of $333.88. Recent targets range from $329 to $373.
• The company reported quarterly earnings of $3.47 per share, exceeding estimates, while revenue rose 4.6% year over year to $3.16 billion. It also announced a quarterly dividend of $1.81 per share, equivalent to a 2.4% annualized yield.

Cohen Klingenstein LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3,098.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,943 shares of the basic materials company's stock after buying an additional 123,943 shares during the period. Air Products and Chemicals accounts for 1.2% of Cohen Klingenstein LLC's holdings, making the stock its 20th biggest holding. Cohen Klingenstein LLC owned about 0.06% of Air Products and Chemicals worth $34,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Evolution Wealth Management Inc. bought a new stake in Air Products and Chemicals during the first quarter valued at $25,000. Fiduciary Financial Advisors bought a new position in shares of Air Products and Chemicals in the 2nd quarter worth about $25,000. Cornerstone Planning Group LLC raised its position in shares of 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 in the last quarter. Main Street Group LTD acquired a new position in shares of Air Products and Chemicals in the 1st quarter valued at about $27,000. Finally, MJT & Associates Financial Advisory Group Inc. lifted its stake in shares of 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 valued at $28,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Barclays started coverage on Air Products and Chemicals in a report on Monday. They issued an "overweight" rating and a $353.00 target price for the company. Sanford C. Bernstein reissued an "outperform" rating and issued a $373.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 31st. Royal Bank Of Canada dropped their price target on Air Products and Chemicals from $360.00 to $346.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Argus increased their price target 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. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $333.88.

Air Products and Chemicals Trading Up 1.4%

NYSE:APD opened at $296.49 on Friday. 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 stock has a market capitalization of $66.03 billion, a price-to-earnings ratio of -1,347.68, a PEG ratio of 2.75 and a beta of 0.76. The firm has a fifty day simple moving average of $293.89 and a two-hundred day simple moving average of $293.24. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $3.09 earnings per share. The business's revenue was up 4.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company 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 $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's payout ratio is presently -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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