Air Products and Chemicals, Inc. $APD Shares Purchased by Baker Tilly Wealth Management LLC

Key Points

• Baker Tilly Wealth Management more than doubled its Air Products and Chemicals holdings in the third quarter, acquiring 4,197 additional shares for a total position of 7,876 shares valued at approximately $2.17 million.
• Institutional investors own 81.66% of APD’s outstanding stock, while analysts maintain a generally positive outlook with a consensus rating of “Moderate Buy” and an average price target of $334.69.
• Air Products reported quarterly EPS of $3.47, exceeding estimates, and declared a quarterly dividend of $1.81 per share, equivalent to an annualized $7.24 dividend and a 2.6% yield.

Baker Tilly Wealth Management LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 114.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,876 shares of the basic materials company's stock after acquiring an additional 4,197 shares during the quarter. Baker Tilly Wealth Management LLC's holdings in Air Products and Chemicals were worth $2,165,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of APD. State Street Corp boosted its holdings in shares of Air Products and Chemicals by 277.4% in the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock valued at $10,597,451,000 after buying an additional 28,050,956 shares during the period. BlackRock Inc. bought a new stake in Air Products and Chemicals in the 2nd quarter valued at $5,370,093,000. Capital International Investors lifted its position in Air Products and Chemicals by 44.2% in the 4th quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company's stock valued at $3,160,023,000 after acquiring an additional 3,922,567 shares in the last quarter. Capital Research Global Investors boosted its stake in Air Products and Chemicals by 1.2% in the 4th quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company's stock worth $2,940,665,000 after purchasing an additional 137,595 shares during the period. Finally, Bank of America Corp DE increased its holdings in Air Products and Chemicals by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company's stock worth $1,290,801,000 after purchasing an additional 556,188 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Argus upped their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a research report on Wednesday, September 9th. Weiss Ratings downgraded shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Wells Fargo & Company increased 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 report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Finally, UBS Group set a $305.00 target price on Air Products and Chemicals in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $334.69.

Air Products and Chemicals Stock Performance

NYSE APD traded up $4.41 during trading on Monday, reaching $281.98. 226,811 shares of the company's stock were exchanged, compared to its average volume of 1,287,494. 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 business has a 50 day moving average price of $295.87 and a 200-day moving average price of $293.35. The stock has a market capitalization of $62.79 billion, a P/E ratio of -1,282.16, a PEG ratio of 2.61 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.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during 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%.The business's revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm 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. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal 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 given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's 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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