Air Products and Chemicals, Inc. $APD Shares Acquired by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp increased its Air Products and Chemicals stake by 24,355% in the third quarter, ending with 31,547 shares valued at approximately $8.6 million. Institutional investors collectively own 81.66% of APD.
• Air Products reported quarterly earnings of $3.47 per share, beating estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion but fell short of expectations.
• The company declared a quarterly dividend of $1.81 per share, equivalent to an annualized $7.24 payout and a 2.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $333.56.

Toth Financial Advisory Corp raised its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 24,355.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,547 shares of the basic materials company's stock after buying an additional 31,418 shares during the quarter. Toth Financial Advisory Corp's holdings in Air Products and Chemicals were worth $8,586,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. S&CO Inc. bought a new stake in Air Products and Chemicals in the 2nd quarter valued at $27,733,000. Neville Rodie & Shaw Inc. raised its position in shares of Air Products and Chemicals by 1,457.1% during the third quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company's stock valued at $7,851,000 after buying an additional 26,956 shares during the last quarter. Park National Corp OH raised its position in shares of Air Products and Chemicals by 66.7% during the third quarter. Park National Corp OH now owns 24,538 shares of the basic materials company's stock valued at $6,761,000 after buying an additional 9,817 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Air Products and Chemicals by 26.7% in the first quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company's stock valued at $16,573,000 after buying an additional 12,020 shares during the period. Finally, Rockland Trust Co. grew its position in Air Products and Chemicals by 7.0% during the second quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company's stock worth $19,151,000 after buying an additional 4,279 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of APD traded down $0.94 during mid-day trading on Thursday, reaching $277.18. The company had a trading volume of 229,723 shares, compared to its average volume of 1,282,230. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The company has a market capitalization of $61.73 billion, a P/E ratio of -1,261.34, a P/E/G ratio of 2.64 and a beta of 0.76. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The company's 50-day moving average is $295.02 and its 200-day moving average is $293.25.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm earned $3.09 EPS. Air Products and Chemicals's quarterly revenue was up 4.6% on a year-over-year basis. 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, equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current 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 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 dividend yield of 2.6%. Air Products and Chemicals's dividend payout ratio (DPR) is -3,290.91%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company upped their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Citigroup cut their target price on Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating for the company in a research note on Wednesday. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Royal Bank Of Canada boosted their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Finally, Weiss Ratings cut shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. One analyst has 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $333.56.

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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