Air Products and Chemicals, Inc. $APD Shares Sold by Teamwork Financial Advisors LLC

Key Points

• Teamwork Financial Advisors LLC cut its Air Products and Chemicals position by 96.1% in the third quarter, selling 38,127 shares and retaining 1,554 shares valued at approximately $432,000. Institutional investors and hedge funds collectively own 81.66% of APD.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $333.88, although some firms recently lowered their targets. APD traded down 0.2% to $298.93.
• Air Products reported quarterly EPS of $3.47, exceeding estimates, while revenue reached $3.16 billion and rose 4.6% year over year. The company declared a quarterly dividend of $1.81 per share, representing a 2.4% annualized yield.

Teamwork Financial Advisors LLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 96.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,554 shares of the basic materials company's stock after selling 38,127 shares during the period. Teamwork Financial Advisors LLC's holdings in Air Products and Chemicals were worth $432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of APD. Brown Lisle Cummings Inc. increased its holdings in Air Products and Chemicals by 10.8% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,956 shares of the basic materials company's stock valued at $819,000 after purchasing an additional 288 shares in the last quarter. SteelPeak Wealth LLC boosted its stake in Air Products and Chemicals by 396.9% in the third quarter. SteelPeak Wealth LLC now owns 4,745 shares of the basic materials company's stock worth $1,297,000 after purchasing an additional 3,790 shares in the last quarter. IFP Advisors Inc boosted its stake in Air Products and Chemicals by 712.2% in the third quarter. IFP Advisors Inc now owns 17,738 shares of the basic materials company's stock worth $4,841,000 after purchasing an additional 15,554 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in Air Products and Chemicals by 1,352.9% in the third quarter. Robertson Stephens Wealth Management LLC now owns 13,309 shares of the basic materials company's stock worth $3,627,000 after purchasing an additional 12,393 shares in the last quarter. Finally, Lee Financial Co grew its holdings in shares of Air Products and Chemicals by 1.3% during the third quarter. Lee Financial Co now owns 3,205 shares of the basic materials company's stock worth $892,000 after purchasing an additional 40 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup lowered 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, October 7th. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Royal Bank Of Canada reduced 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. Evercore reissued an "outperform" rating and set a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. Finally, Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus target price of $333.88.

Air Products and Chemicals Trading Down 0.2%

NYSE:APD traded down $0.66 during trading hours on Monday, hitting $298.93. 940,424 shares of the stock were exchanged, compared to its average volume of 1,273,443. The company's 50 day moving average is $293.63 and its two-hundred day moving average is $293.36. 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 quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $66.57 billion, a P/E ratio of -1,358.78, a price-to-earnings-growth ratio of 2.82 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $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, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.