Alkeme Wealth LLC Raises Stake in Air Products and Chemicals, Inc. $APD

Key Points

• Alkeme Wealth increased its Air Products and Chemicals stake by 58.1% in the third quarter, bringing its holdings to 13,678 shares valued at approximately $3.77 million. Institutional investors collectively own 81.66% of the company.
• 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 but fell short of expectations.
• The company declared a quarterly dividend of $1.81 per share, equivalent to an annualized $7.24 dividend and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $333.56.

Alkeme Wealth LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 58.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,678 shares of the basic materials company's stock after acquiring an additional 5,026 shares during the quarter. Air Products and Chemicals makes up 1.3% of Alkeme Wealth LLC's investment portfolio, making the stock its 24th largest position. Alkeme Wealth LLC's holdings in Air Products and Chemicals were worth $3,773,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. grew its stake in Air Products and Chemicals by 77.6% in the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company's stock valued at $28,000 after buying an additional 45 shares in the last quarter. Venture Visionary Partners LLC purchased a new position in shares of Air Products and Chemicals in the third quarter valued at $4,459,000. Elevation Wealth Partners LLC boosted its position in shares of Air Products and Chemicals by 158.6% in the third quarter. Elevation Wealth Partners LLC now owns 393 shares of the basic materials company's stock valued at $108,000 after acquiring an additional 241 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter worth approximately $30,000. Finally, Canandaigua National Trust Co of Florida purchased a new stake in Air Products and Chemicals during the 3rd quarter valued at about $215,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

APD opened at $277.91 on Thursday. The firm has a market cap of $61.89 billion, a PE ratio of -1,263.21, a P/E/G ratio of 2.64 and a beta of 0.76. The stock has a 50-day moving average price of $295.02 and a 200-day moving average price of $293.25. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

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 the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate 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%. Air Products and Chemicals's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed 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. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's payout ratio is presently -3,290.91%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APD. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Wells Fargo & Company increased their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. UBS Group reduced their target price on Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating on the stock in a report on Monday. Finally, KeyCorp initiated coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They set a "sector weight" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of "Moderate Buy" and a consensus target price of $333.56.

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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