Air Products and Chemicals, Inc. $APD Shares Newly Bought by Adams Diversified Equity Fund Inc.

Key Points

• Adams Diversified Equity Fund acquired 55,500 shares of Air Products and Chemicals in the third quarter, valued at approximately $15.4 million. Institutional investors currently own 81.66% of APD.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $333.88, despite recent target reductions from Citigroup and UBS.
• APD shares opened at $307.79, near their 12-month high, while the company recently beat quarterly EPS expectations and reported 4.6% year-over-year revenue growth.

Adams Diversified Equity Fund Inc. acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 55,500 shares of the basic materials company's stock, valued at approximately $15,442,000.

A number of other hedge funds have also added to or reduced their stakes in APD. Precedent Wealth Partners LLC raised its holdings in shares of Air Products and Chemicals by 21.8% in the 3rd quarter. Precedent Wealth Partners LLC now owns 8,592 shares of the basic materials company's stock valued at $2,391,000 after purchasing an additional 1,538 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Air Products and Chemicals by 10.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 382 shares of the basic materials company's stock worth $106,000 after purchasing an additional 36 shares during the period. Sage Private Wealth Group LLC lifted its position in shares of Air Products and Chemicals by 8.8% in the 3rd quarter. Sage Private Wealth Group LLC now owns 2,301 shares of the basic materials company's stock worth $640,000 after purchasing an additional 187 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 34.1% during the third quarter. Axxcess Wealth Management LLC now owns 3,343 shares of the basic materials company's stock valued at $930,000 after purchasing an additional 850 shares in the last quarter. Finally, Strengthening Families & Communities LLC boosted its stake in shares of Air Products and Chemicals by 1.7% during the third quarter. Strengthening Families & Communities LLC now owns 8,409 shares of the basic materials company's stock valued at $2,340,000 after purchasing an additional 141 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APD. Citigroup cut their price objective on shares of Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating on the stock in a report on Wednesday, October 7th. UBS Group dropped their price objective on Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating on the stock in a research report on Monday, October 5th. Weiss Ratings lowered Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. Wells Fargo & Company raised 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 report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $333.88.

Air Products and Chemicals Stock Up 1.7%

NYSE:APD opened at $307.79 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 company's 50 day moving average is $293.53 and its two-hundred day moving average is $293.61. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The company has a market cap of $68.54 billion, a PE ratio of 22.89, a P/E/G ratio of 2.85 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results 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. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business posted $3.09 EPS. The firm'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. Analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.

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