Air Products and Chemicals, Inc. $APD Position Lifted by Sage Capital Advisors llc

Key Points

• Sage Capital Advisors increased its Air Products and Chemicals position by 230.9% in the third quarter, bringing its holdings to 49,722 shares valued at approximately $13.6 million. Institutional investors collectively own 81.66% of APD.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $334.71, compared with the reported share price of $288.06.
• Air Products reported quarterly EPS of $3.47, beating estimates of $3.34, while revenue reached $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, representing a 2.5% annualized yield.

Sage Capital Advisors llc lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 230.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,722 shares of the basic materials company's stock after purchasing an additional 34,697 shares during the quarter. Air Products and Chemicals comprises 2.0% of Sage Capital Advisors llc's investment portfolio, making the stock its 9th biggest holding. Sage Capital Advisors llc's holdings in Air Products and Chemicals were worth $13,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steel Grove Capital Advisors LLC purchased a new position in Air Products and Chemicals during the third quarter valued at $240,000. Jericho Financial LLP boosted its holdings in shares of Air Products and Chemicals by 1.7% during the 3rd quarter. Jericho Financial LLP now owns 8,641 shares of the basic materials company's stock valued at $2,404,000 after buying an additional 147 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of Air Products and Chemicals by 472.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 84,237 shares of the basic materials company's stock valued at $23,437,000 after buying an additional 69,521 shares in the last quarter. JGP Wealth Management LLC grew its position in shares of Air Products and Chemicals by 1.3% in the 3rd quarter. JGP Wealth Management LLC now owns 38,856 shares of the basic materials company's stock worth $10,811,000 after buying an additional 512 shares during the period. Finally, Armstrong Advisory Group Inc. grew its position in shares of Air Products and Chemicals by 7,100.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 576 shares of the basic materials company's stock worth $157,000 after buying an additional 568 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on APD. Wells Fargo & Company lifted their price target on shares of 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. Mizuho upped their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research report on Monday, August 3rd. Finally, KeyCorp initiated coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They issued a "sector weight" rating for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $334.71.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded up $4.20 during midday trading on Tuesday, hitting $288.06. The stock had a trading volume of 252,114 shares, compared to its average volume of 1,273,742. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The company has a market capitalization of $64.15 billion, a PE ratio of -1,309.95, a P/E/G ratio of 2.65 and a beta of 0.76. The firm's fifty day moving average is $294.12 and its two-hundred day moving average is $293.22. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (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 negative net margin of 0.38% and a positive return on equity of 16.87%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business 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 dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

Air Products and Chemicals 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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