Air Products and Chemicals, Inc. $APD Shares Purchased by IFP Advisors Inc

Key Points

• IFP Advisors increased its Air Products and Chemicals stake by 712.2% in the third quarter, bringing its holdings to 17,738 shares valued at approximately $4.84 million. Institutional investors collectively own 81.66% of the company.
• Air Products reported quarterly EPS of $3.47, 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, or $7.24 annually, representing a 2.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $333.88.

IFP Advisors Inc increased its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 712.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,738 shares of the basic materials company's stock after purchasing an additional 15,554 shares during the quarter. IFP Advisors Inc's holdings in Air Products and Chemicals were worth $4,841,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its holdings in Air Products and Chemicals by 277.4% during the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock worth $10,597,451,000 after purchasing an additional 28,050,956 shares in the last quarter. BlackRock Inc. bought a new stake in Air Products and Chemicals during the second quarter valued at approximately $5,370,093,000. Bank of America Corp DE purchased a new position in Air Products and Chemicals in the 2nd quarter worth approximately $1,216,976,000. Envestnet Asset Management Inc. raised its position in shares of Air Products and Chemicals by 326.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company's stock valued at $927,010,000 after buying an additional 2,563,873 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Air Products and Chemicals during the 2nd quarter worth $495,201,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Trading Down 0.2%

NYSE:APD opened at $298.93 on Tuesday. The company has a market cap of $66.57 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 2.82 and a beta of 0.76. 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, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The company has a 50 day simple moving average of $293.63 and a two-hundred day simple moving average of $293.36.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released 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 negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm earned $3.09 EPS. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. 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. 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 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. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. KeyCorp assumed coverage on Air Products and Chemicals in a report on Thursday, September 10th. They set a "sector weight" rating on the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Weiss Ratings lowered shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Barclays began coverage on Air Products and Chemicals in a report on Monday, October 12th. They set an "overweight" rating and a $353.00 target price for the company. Finally, Citigroup decreased 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 report on Wednesday, October 7th. Two investment analysts have 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 $333.88.

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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