Apella Capital LLC Boosts Stake in Air Products and Chemicals, Inc. $APD

Key Points

• Apella Capital increased its Air Products and Chemicals stake by 732% in the third quarter, bringing its holdings to 17,356 shares valued at approximately $4.77 million. Institutional investors collectively own 81.66% of the company.
• Air Products reported quarterly EPS of $3.47, exceeding analyst expectations of $3.34, while revenue rose 4.6% year over year to $3.16 billion. The company maintained fiscal 2026 EPS guidance of $13.39–$13.49.
• 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 rating with an average price target of $333.56 versus the reported share price of $277.76.

Apella Capital LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 732.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,356 shares of the basic materials company's stock after purchasing an additional 15,270 shares during the period. Apella Capital LLC's holdings in Air Products and Chemicals were worth $4,774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of Air Products and Chemicals by 277.4% during the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock worth $10,597,451,000 after purchasing an additional 28,050,956 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $5,370,093,000. Bank of America Corp DE increased its stake in Air Products and Chemicals by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company's stock worth $1,290,801,000 after purchasing an additional 556,188 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company's stock valued at $927,010,000 after buying an additional 2,563,873 shares in the last quarter. Finally, Aristotle Capital Management LLC boosted its holdings in shares of Air Products and Chemicals by 0.5% in the first quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company's stock valued at $779,665,000 after buying an additional 14,262 shares during the period. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Down 0.1%

APD opened at $277.76 on Friday. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The stock's fifty day simple moving average is $294.58 and its 200 day simple moving average is $293.23. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The stock has a market cap of $61.85 billion, a PE ratio of -1,262.55, a price-to-earnings-growth ratio of 2.62 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.13. The firm had revenue of $3.16 billion during 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 company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APD. Mizuho upped their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. UBS Group decreased their target price on shares of Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating for the company in a research report on Monday. Citigroup lowered their price target on shares of Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating on the stock in a research note on Wednesday. Sanford C. Bernstein reissued an "outperform" rating and set a $373.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 31st. Finally, Argus increased their price objective on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average 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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