B. Riley Wealth Advisors Inc. Buys 5,420 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• B. Riley Wealth Advisors increased its Air Products and Chemicals stake by 447.9% in the third quarter, acquiring 5,420 additional shares for a total of 6,630 shares valued at approximately $1.81 million.
• Air Products and Chemicals reported quarterly EPS of $3.47, exceeding estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion. The company declared a quarterly dividend of $1.81 per share, equivalent to a 2.5% yield.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $334.71 compared with the stock’s reported price of $292.42; institutional investors own 81.66% of the shares.

B. Riley Wealth Advisors Inc. raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 447.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,630 shares of the basic materials company's stock after acquiring an additional 5,420 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Air Products and Chemicals were worth $1,813,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. S&CO Inc. purchased a new stake in Air Products and Chemicals during the second quarter worth about $27,733,000. Neville Rodie & Shaw Inc. boosted its stake in Air Products and Chemicals by 1,457.1% in the third quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company's stock valued at $7,851,000 after acquiring an additional 26,956 shares during the last quarter. Park National Corp OH grew its position in shares of Air Products and Chemicals by 66.7% during the 3rd quarter. Park National Corp OH now owns 24,538 shares of the basic materials company's stock valued at $6,761,000 after acquiring an additional 9,817 shares during the period. NewEdge Advisors LLC grew its position in shares of Air Products and Chemicals by 26.7% during the 1st quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company's stock valued at $16,573,000 after acquiring an additional 12,020 shares during the period. Finally, Rockland Trust Co. increased its stake in shares of Air Products and Chemicals by 7.0% during the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company's stock worth $19,151,000 after purchasing an additional 4,279 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 1.2%

Air Products and Chemicals stock opened at $292.42 on Thursday. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The firm has a market capitalization of $65.12 billion, a price-to-earnings ratio of -1,329.18, a P/E/G ratio of 2.72 and a beta of 0.76. 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 firm has a 50 day simple moving average of $293.95 and a 200 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 negative net margin of 0.38% and a positive return on equity of 16.87%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous 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. On average, analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders 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 dividend yield of 2.5%. Air Products and Chemicals's dividend payout ratio is currently -3,290.91%.

Analyst Ratings Changes

A number of research firms recently commented on APD. KeyCorp started coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They issued a "sector weight" rating on the stock. 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. Argus raised their target price on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a research report on Wednesday, September 9th. Royal Bank Of Canada boosted their target price on 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. Finally, Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of "Moderate Buy" and an average price target of $334.71.

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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