Beacon Pointe Advisors LLC Makes New $1.42 Million Investment in Air Products and Chemicals, Inc. $APD

Key Points

• Beacon Pointe Advisors acquired 4,836 shares of Air Products and Chemicals worth approximately $1.42 million, while 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 $332.76; several firms recently raised their targets.
• APD reported quarterly EPS of $3.47, beating estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, representing a 2.3% annualized yield.

Beacon Pointe Advisors LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,836 shares of the basic materials company's stock, valued at approximately $1,418,000.

Several other institutional investors also recently bought and sold shares of the company. Cary Street Partners Financial LLC boosted its position in shares of Air Products and Chemicals by 2.2% during the fourth quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company's stock valued at $399,000 after buying an additional 35 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Air Products and Chemicals by 0.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company's stock valued at $1,147,000 after acquiring an additional 35 shares during the period. Revisor Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 0.8% during the 1st quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company's stock valued at $1,320,000 after acquiring an additional 36 shares during the last quarter. StoneX Group Inc. grew its stake in shares of Air Products and Chemicals by 1.3% in the fourth quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company's stock worth $688,000 after acquiring an additional 36 shares during the period. Finally, CYBER HORNET ETFs LLC raised its holdings in shares of Air Products and Chemicals by 6.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company's stock valued at $159,000 after purchasing an additional 37 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APD has been the subject of several research analyst reports. Weiss Ratings lowered Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Mizuho raised their target price 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. Evercore restated an "outperform" rating and set a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. Sanford C. Bernstein reaffirmed 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, Wells Fargo & Company increased their price objective 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. One equities research 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 MarketBeat, Air Products and Chemicals currently has a consensus rating of "Moderate Buy" and a consensus target price of $332.76.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $308.27 on Monday. The stock has a 50-day moving average price of $298.34 and a 200 day moving average price of $291.69. The stock has a market capitalization of $68.65 billion, a P/E ratio of -1,401.23, a P/E/G ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly 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. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $3.09 EPS. Air Products and Chemicals's revenue for the quarter was up 4.6% compared to the same quarter last year. 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. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

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 paid a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's payout ratio is presently -3,290.91%.

About Air Products and Chemicals

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.

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