Air Products and Chemicals, Inc. $APD Stake Raised by Aspiriant LLC

Key Points

• Aspiriant LLC increased its Air Products and Chemicals stake by 852.8% in the third quarter, bringing its holdings to 7,699 shares valued at approximately $2.1 million. Institutional investors and hedge funds collectively own 81.66% of APD.
• Analysts maintain a generally positive outlook, with APD carrying a consensus “Moderate Buy” rating and an average price target of $333.88. Recent targets range from $320 to $373.
• Air Products reported quarterly EPS of $3.47, exceeding estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, representing a 2.4% annualized yield.

Aspiriant LLC increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 852.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,699 shares of the basic materials company's stock after purchasing an additional 6,891 shares during the period. Aspiriant LLC's holdings in Air Products and Chemicals were worth $2,101,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in APD. Pension & Wealth Management Advisors Inc. increased its position in shares of Air Products and Chemicals by 811.6% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 784 shares of the basic materials company's stock worth $215,000 after acquiring an additional 698 shares during the last quarter. Howard Capital Management LLC grew its stake in Air Products and Chemicals by 191.1% during the 3rd quarter. Howard Capital Management LLC now owns 6,384 shares of the basic materials company's stock valued at $1,751,000 after purchasing an additional 4,191 shares in the last quarter. Goelzer Investment Management Inc. increased its holdings in Air Products and Chemicals by 73.2% during the 3rd quarter. Goelzer Investment Management Inc. now owns 31,647 shares of the basic materials company's stock worth $8,652,000 after purchasing an additional 13,378 shares during the last quarter. NFSG Corp increased its holdings in Air Products and Chemicals by 6,788.9% during the 3rd quarter. NFSG Corp now owns 1,860 shares of the basic materials company's stock worth $506,000 after purchasing an additional 1,833 shares during the last quarter. Finally, YANKCOM Partnership boosted its stake in shares of Air Products and Chemicals by 3.7% during the 3rd quarter. YANKCOM Partnership now owns 3,078 shares of the basic materials company's stock valued at $856,000 after buying an additional 110 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APD has been the topic of several recent analyst reports. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. KeyCorp started coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They issued a "sector weight" rating on the stock. Barclays began coverage on shares of Air Products and Chemicals in a research report on Monday. They set an "overweight" rating and a $353.00 price target on the stock. Sanford C. Bernstein reiterated an "outperform" rating and issued a $373.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $333.88.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $299.19 on Friday. The firm's 50 day moving average is $293.80 and its two-hundred day moving average is $293.28. The firm has a market capitalization of $66.63 billion, a P/E ratio of 22.44, a PEG ratio of 2.79 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 52 week low of $229.11 and a 52 week high of $314.87.

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 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 business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the company posted $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. Analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

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

About Air Products and Chemicals

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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