Air Products and Chemicals, Inc. $APD Shares Purchased by Goelzer Investment Management Inc.

Key Points

• Goelzer Investment Management increased its Air Products and Chemicals stake by 73.2% in the third quarter, ending with 31,647 shares valued at approximately $8.65 million. Institutional investors collectively own 81.66% of APD.
• Air Products reported quarterly EPS of $3.47, exceeding the $3.34 consensus estimate, while revenue came in at $3.16 billion, below expectations but up 4.6% year over year.
• The company declared a quarterly dividend of $1.81 per share, equivalent to $7.24 annually and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $333.88.

Goelzer Investment Management Inc. raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 73.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,647 shares of the basic materials company's stock after acquiring an additional 13,378 shares during the period. Goelzer Investment Management Inc.'s holdings in Air Products and Chemicals were worth $8,652,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals in the 1st quarter worth $25,000. Fiduciary Financial Advisors bought a new stake in Air Products and Chemicals in the second quarter valued at about $25,000. Main Street Group LTD bought a new stake in Air Products and Chemicals in the first quarter valued at about $27,000. Cornerstone Planning Group LLC increased its holdings in Air Products and Chemicals by 318.2% in the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 70 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. lifted its stake in Air Products and Chemicals by 77.6% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company's stock valued at $28,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $299.19 on Friday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The firm has a market capitalization of $66.63 billion, a price-to-earnings ratio of -1,359.98, a price-to-earnings-growth ratio of 2.79 and a beta of 0.76. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The firm has a fifty day moving average of $293.80 and a 200-day moving average of $293.28.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.34 by $0.13. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate 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 firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business 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. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APD. Evercore restated an "outperform" rating and set a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. Argus upped their price target on Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a research note on Wednesday, September 9th. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research note on Monday, August 3rd. Royal Bank Of Canada cut their price target on shares of Air Products and Chemicals from $360.00 to $346.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Weiss Ratings lowered shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $333.88.

Air Products and Chemicals Company 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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