Air Products and Chemicals, Inc. $APD Stock Acquired by Nvwm LLC

Key Points

• Nvwm LLC increased its Air Products and Chemicals stake by 229.3% in the third quarter, bringing its holdings to 7,435 shares valued at approximately $2.02 million. Other institutional investors also raised positions, and institutions collectively own 81.66% of the stock.
• APD shares rose 1.2% to $292.42, while the company reported quarterly EPS of $3.47, exceeding estimates of $3.34, despite revenue of $3.16 billion falling slightly short of expectations.
• Air Products declared a quarterly dividend of $1.81, equivalent to an annualized $7.24 payout and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $334.71.

Nvwm LLC grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 229.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 7,435 shares of the basic materials company's stock after acquiring an additional 5,177 shares during the period. Nvwm LLC's holdings in Air Products and Chemicals were worth $2,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covenant Asset Management LLC grew its position in shares of Air Products and Chemicals by 38.2% in the 3rd quarter. Covenant Asset Management LLC now owns 5,346 shares of the basic materials company's stock worth $1,478,000 after buying an additional 1,479 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in Air Products and Chemicals by 166.4% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 386,188 shares of the basic materials company's stock valued at $105,983,000 after acquiring an additional 241,214 shares during the period. B.A. Schrock Wealth Management Inc. purchased a new position in Air Products and Chemicals during the 3rd quarter valued at about $620,000. Ashurst Perkins Coie Trust Co lifted its position in Air Products and Chemicals by 132,900.0% during the 3rd quarter. Ashurst Perkins Coie Trust Co now owns 17,290 shares of the basic materials company's stock valued at $4,705,000 after acquiring an additional 17,277 shares during the period. Finally, ZWJ Investment Counsel Inc. boosted its stake in Air Products and Chemicals by 14.2% during the third quarter. ZWJ Investment Counsel Inc. now owns 94,545 shares of the basic materials company's stock worth $26,277,000 after acquiring an additional 11,753 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Up 1.2%

Shares of Air Products and Chemicals stock opened at $292.42 on Thursday. The company has a 50-day simple moving average of $293.95 and a two-hundred day simple moving average of $293.21. The stock has a market capitalization of $65.12 billion, a PE ratio of -1,329.18, a price-to-earnings-growth ratio of 2.72 and a beta of 0.76. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APD. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Evercore reissued an "outperform" rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. Citigroup cut their price target on Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. KeyCorp started coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They set a "sector weight" rating for the company. Finally, UBS Group reduced their price objective on Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating for the company in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $334.71.

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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