Air Products and Chemicals, Inc. $APD Stock: WealthPLAN Partners LLC Increases Holdings

Key Points

• WealthPLAN Partners significantly increased its Air Products and Chemicals stake by 1,106.7% in the third quarter, bringing its holdings to 21,106 shares valued at approximately $5.75 million. Institutional investors collectively own 81.66% of the company.
• Analysts maintain a generally positive outlook, with Air Products receiving a consensus “Moderate Buy” rating and an average price target of $333.88, although several firms recently lowered their targets.
• Air Products reported quarterly EPS of $3.47, beating estimates, 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 2.5% annualized yield.

WealthPLAN Partners LLC grew its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1,106.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,106 shares of the basic materials company's stock after purchasing an additional 19,357 shares during the quarter. Air Products and Chemicals comprises approximately 1.0% of WealthPLAN Partners LLC's investment portfolio, making the stock its 26th biggest holding. WealthPLAN Partners LLC's holdings in Air Products and Chemicals were worth $5,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Evolution Wealth Management Inc. purchased a new stake in Air Products and Chemicals in the first quarter valued at about $25,000. Fiduciary Financial Advisors purchased a new stake in shares of Air Products and Chemicals during the second quarter worth about $25,000. Cornerstone Planning Group LLC grew its stake 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 last quarter. Main Street Group LTD acquired a new position in shares of Air Products and Chemicals during the first quarter valued at about $27,000. Finally, MJT & Associates Financial Advisory Group Inc. increased its holdings in shares of Air Products and Chemicals by 77.6% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on APD. Royal Bank Of Canada lowered their target price on shares of Air Products and Chemicals from $360.00 to $346.00 and set an "outperform" rating for the company in a research note on Thursday. Barclays started coverage on shares of Air Products and Chemicals in a report on Monday. They issued an "overweight" rating and a $353.00 price target for the company. Citigroup decreased their price target on shares of Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating for the company in a report on Wednesday, October 7th. UBS Group lowered their price objective on shares of Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating for the company in a research note on Monday, October 5th. Finally, KeyCorp started coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They set a "sector weight" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $333.88.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded up $2.85 during trading on Thursday, hitting $295.38. The stock had a trading volume of 283,493 shares, compared to its average volume of 1,270,838. 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 12-month low of $229.11 and a 12-month high of $314.87. The stock has a market capitalization of $65.78 billion, a price-to-earnings ratio of -1,342.65, a price-to-earnings-growth ratio of 2.72 and a beta of 0.76. The stock has a 50-day simple moving average of $293.95 and a two-hundred day simple moving average of $293.21.

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 EPS for the quarter, beating 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 firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm earned $3.09 earnings per share. Air Products and Chemicals'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, equities research 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 business also recently declared 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. This represents a $7.24 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) 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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