Avidian Wealth Enterprises LLC Grows Stock Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Avidian Wealth Enterprises increased its Air Products and Chemicals stake by 119.5% in the third quarter, bringing its holdings to 14,001 shares valued at approximately $3.85 million. Institutional investors collectively own 81.66% of APD.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $333.56, despite some target-price reductions.
• Air Products exceeded quarterly EPS expectations, reporting $3.47 versus the $3.34 consensus estimate, while revenue rose 4.6% year over year. The company also declared a $1.81 quarterly dividend, equal to a 2.6% annualized yield.

Avidian Wealth Enterprises LLC boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 119.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,001 shares of the basic materials company's stock after buying an additional 7,623 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in Air Products and Chemicals were worth $3,847,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of APD. State Street Corp raised its holdings 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 valued at $10,597,451,000 after acquiring an additional 28,050,956 shares during the period. BlackRock Inc. acquired a new stake in Air Products and Chemicals during the 2nd quarter worth about $5,370,093,000. Bank of America Corp DE acquired a new position in Air Products and Chemicals in the 2nd quarter valued at approximately $1,216,976,000. Envestnet Asset Management Inc. boosted its stake in shares of Air Products and Chemicals by 326.7% during the 2nd 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 during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $495,201,000. Institutional investors own 81.66% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APD. Royal Bank Of Canada increased their target price on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Wells Fargo & Company increased their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Sanford C. Bernstein reiterated an "outperform" rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 31st. Finally, Citigroup decreased their price target on Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating on the stock in a research note on Wednesday. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $333.56.

Air Products and Chemicals Stock Performance

APD stock opened at $277.76 on Friday. The company has a 50 day moving average price of $294.58 and a 200 day moving average price of $293.23. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week 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. The stock has a market capitalization 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 posted its quarterly 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. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $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. Analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. Air Products and Chemicals's payout ratio is currently -3,290.91%.

Air Products and Chemicals 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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