AlphaCore Capital LLC Boosts Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• AlphaCore Capital LLC boosted its stake in Air Products and Chemicals by 1,049.2% in the fourth quarter, ending with 7,895 shares valued at about $1.95 million.
• Air Products and Chemicals reported better-than-expected quarterly results, with EPS of $3.20 versus $3.06 expected and revenue of $3.17 billion, up 8.8% year over year.
• The company also announced a quarterly dividend of $1.81 per share and received mostly positive analyst updates, with a consensus rating of Moderate Buy and an average target price of $323.12.

AlphaCore Capital LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1,049.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,895 shares of the basic materials company's stock after buying an additional 7,208 shares during the quarter. AlphaCore Capital LLC's holdings in Air Products and Chemicals were worth $1,950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in APD. Brighton Jones LLC increased its stake in shares of Air Products and Chemicals by 14.5% in the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after buying an additional 412 shares during the period. Bison Wealth LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth $245,000. Sei Investments Co. increased its stake in shares of Air Products and Chemicals by 197.6% in the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company's stock worth $79,498,000 after buying an additional 187,142 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Air Products and Chemicals by 2.1% in the second quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company's stock worth $29,271,000 after buying an additional 2,171 shares during the period. Finally, Diversify Advisory Services LLC increased its stake in shares of Air Products and Chemicals by 52.5% in the second quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company's stock worth $1,873,000 after buying an additional 2,229 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $295.14 on Monday. The stock has a market cap of $65.72 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 2.59 and a beta of 0.77. The firm's fifty day simple moving average is $292.82 and its 200 day simple moving average is $271.99. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $307.96. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its earnings results on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating analysts' consensus estimates of $3.06 by $0.14. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The firm had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.07 billion. During the same quarter in the previous year, the business posted $2.69 EPS. The company's quarterly revenue was up 8.8% on a year-over-year basis. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. As a group, research analysts predict that Air Products and Chemicals, Inc. will post 13.2 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals's payout ratio is 76.61%.

Analysts Set New Price Targets

Several research analysts recently commented on APD shares. Citigroup lifted their target price on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the stock a "neutral" rating in a research note on Monday, April 13th. JPMorgan Chase & Co. lifted their target price on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Morgan Stanley lifted their price target on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an "equal weight" rating in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of "Moderate Buy" and a consensus target price of $323.12.

Insider Activity at Air Products and Chemicals

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the business's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the sale, the chief financial officer owned 14,212 shares in the company, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.88% of the company's stock.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company's product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.