Air Products and Chemicals, Inc. $APD Position Boosted by Focus Financial Network Inc.

Key Points

• Focus Financial Network increased its Air Products and Chemicals stake by 609.9% in the third quarter, bringing its holdings to 5,495 shares valued at approximately $1.5 million. Institutional investors collectively own 81.66% of APD.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $333.88; recent firms issued “outperform” or “overweight” ratings.
• Air Products reported quarterly EPS of $3.47, beating estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, representing a 2.4% annualized yield.

Focus Financial Network Inc. increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 609.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,495 shares of the basic materials company's stock after purchasing an additional 4,721 shares during the period. Focus Financial Network Inc.'s holdings in Air Products and Chemicals were worth $1,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APD. Gamco Investors INC. ET AL lifted its position in Air Products and Chemicals by 0.9% in the second quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company's stock worth $1,147,000 after buying an additional 35 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. lifted its holdings in 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 valued at $31,000 after buying an additional 35 shares in the last quarter. Revisor Wealth Management LLC boosted 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 buying an additional 36 shares during the period. Baader Bank Aktiengesellschaft boosted its holdings in shares of Air Products and Chemicals by 0.7% in the first quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company's stock valued at $1,463,000 after purchasing an additional 37 shares during the period. Finally, Northcape Wealth Management LLC increased its holdings in Air Products and Chemicals by 0.4% during the 2nd 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APD has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 31st. Evercore reiterated an "outperform" rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. Wells Fargo & Company lifted 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 research note on Friday, July 31st. Mizuho raised their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Barclays started coverage on shares of Air Products and Chemicals in a research note on Monday. They issued an "overweight" rating and a $353.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $333.88.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $296.49 on Friday. The stock has a market capitalization of $66.03 billion, a PE ratio of -1,347.68, a P/E/G ratio of 2.75 and a beta of 0.76. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The company has a fifty day moving average of $293.89 and a two-hundred day moving average of $293.24. 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 posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 positive return on equity of 16.87% and a negative net margin of 0.38%. Air Products and Chemicals's revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $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, research analysts forecast 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 business also recently disclosed 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 2.4%. Air Products and Chemicals's dividend payout ratio (DPR) is presently -3,290.91%.

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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