Forbes J M & Co. LLP Acquires 56,113 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Forbes J M & Co. LLP increased its Air Products and Chemicals stake by 1,827.8% in the third quarter, acquiring 56,113 additional shares for a total holding worth approximately $16.1 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 also declared a quarterly dividend of $1.81 per share, equivalent to a 2.4% annualized yield.
• Wall Street analysts maintain a “Moderate Buy” consensus rating, with an average price target of $333.88 versus the stock’s reported price of $299.19.

Forbes J M & Co. LLP increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1,827.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,183 shares of the basic materials company's stock after buying an additional 56,113 shares during the period. Air Products and Chemicals accounts for 1.2% of Forbes J M & Co. LLP's investment portfolio, making the stock its 26th biggest position. Forbes J M & Co. LLP's holdings in Air Products and Chemicals were worth $16,124,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals during the first quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new stake in shares of Air Products and Chemicals in the second quarter worth about $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of Air Products and Chemicals by 318.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company's stock worth $28,000 after acquiring an additional 70 shares during the last quarter. Main Street Group LTD bought a new stake in Air Products and Chemicals during the 1st quarter valued at $27,000. Finally, MJT & Associates Financial Advisory Group Inc. raised its position in shares of Air Products and Chemicals by 77.6% in the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company's stock worth $28,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Trading Up 0.9%

NYSE:APD opened at $299.19 on Friday. The stock has a fifty day simple moving average of $293.80 and a 200 day simple moving average of $293.28. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. 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 $66.63 billion, a price-to-earnings ratio of -1,359.98, a price-to-earnings-growth ratio of 2.82 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 for the quarter, topping 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 business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the business posted $3.09 earnings per share. 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. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 13.46 earnings per share 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. Stockholders of record on Thursday, October 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 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is presently -3,290.91%.

Wall Street Analyst Weigh In

APD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. KeyCorp began coverage on Air Products and Chemicals in a report on Thursday, September 10th. They issued a "sector weight" rating on the stock. Argus boosted their price objective on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a research note on Wednesday, September 9th. Royal Bank Of Canada reduced their price objective on shares of Air Products and Chemicals from $360.00 to $346.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $333.88.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.

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