Air Products and Chemicals, Inc. $APD Stock Position Increased by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw increased its Air Products and Chemicals stake by 1,457.1% in the third quarter, acquiring 26,956 additional shares and bringing its holdings to 28,806 shares valued at approximately $7.85 million.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus rating of “Moderate Buy” and an average price target of $334.69, compared with a reported trading price of $281.48.
• 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. The company also declared a quarterly dividend of $1.81 per share, representing an annualized yield of about 2.6%.

Neville Rodie & Shaw Inc. grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1,457.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,806 shares of the basic materials company's stock after purchasing an additional 26,956 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Air Products and Chemicals were worth $7,851,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new stake in Air Products and Chemicals during the 1st quarter worth approximately $25,000. Fiduciary Financial Advisors acquired a new position in shares of Air Products and Chemicals in the second quarter worth $25,000. Main Street Group LTD acquired a new position in shares of Air Products and Chemicals in the first quarter worth $27,000. Cornerstone Planning Group LLC increased its position in shares of Air Products and Chemicals by 318.2% during the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company's stock worth $28,000 after acquiring an additional 70 shares during the period. Finally, Bayban acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on APD shares. KeyCorp began coverage on Air Products and Chemicals in a research note on Thursday, September 10th. They set a "sector weight" rating for the company. Argus increased their price target on Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a research report on Wednesday, September 9th. Sanford C. Bernstein reissued an "outperform" rating and set a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. Citigroup raised their target price on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Finally, UBS Group set a $305.00 price target on shares of Air Products and Chemicals in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $334.69.

Air Products and Chemicals Stock Up 1.4%

Air Products and Chemicals stock traded up $3.90 during mid-day trading on Monday, hitting $281.48. The company had a trading volume of 246,510 shares, compared to its average volume of 1,287,578. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The business has a fifty day moving average of $295.87 and a 200 day moving average of $293.35. The stock has a market cap of $62.68 billion, a price-to-earnings ratio of -1,279.41, a PEG ratio of 2.61 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (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 business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the prior year, the business posted $3.09 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. 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 expect 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 announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders 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 dividend yield of 2.6%. Air Products and Chemicals's payout ratio is -3,290.91%.

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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