Heartwood Wealth Advisors LLC Buys 6,625 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Heartwood Wealth Advisors purchased 6,625 shares of Air Products and Chemicals during the third quarter, valued at approximately $1.81 million.
• Institutional investors own 81.66% of APD, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $334.69.
• APD recently reported quarterly EPS of $3.47, exceeding estimates, and declared a quarterly dividend of $1.81 per share, equivalent to a 2.6% annualized yield.

Heartwood Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 6,625 shares of the basic materials company's stock, valued at approximately $1,807,000.

A number of other large investors have also recently bought and sold shares of the stock. State Street Corp increased its holdings in Air Products and Chemicals by 277.4% during the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock valued at $10,597,451,000 after purchasing an additional 28,050,956 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Air Products and Chemicals during the second quarter worth $5,370,093,000. Capital International Investors raised its holdings in shares of Air Products and Chemicals by 44.2% in the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company's stock valued at $3,160,023,000 after buying an additional 3,922,567 shares during the last quarter. Capital Research Global Investors lifted its position in Air Products and Chemicals by 1.2% during the 4th quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company's stock worth $2,940,665,000 after buying an additional 137,595 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Air Products and Chemicals by 14.3% in the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company's stock valued at $1,290,801,000 after acquiring an additional 556,188 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Argus raised their price target on Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a report on Wednesday, September 9th. Citigroup boosted their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. UBS Group set a $305.00 target price on Air Products and Chemicals in a report on Monday. Finally, Wells Fargo & Company lifted 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 investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $334.69.

Air Products and Chemicals Price Performance

NYSE:APD traded up $3.84 during trading hours on Monday, reaching $281.41. 240,394 shares of the company were exchanged, compared to its average volume of 1,287,494. The business has a 50 day moving average of $295.87 and a 200 day moving average of $293.35. The company has a market capitalization of $62.67 billion, a P/E ratio of -1,279.12, a P/E/G ratio of 2.61 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings results 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. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter last year, the business earned $3.09 earnings per share. Air Products and Chemicals's revenue was up 4.6% on a year-over-year basis. 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. Research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

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 dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is currently -3,290.91%.

Air Products and Chemicals Company 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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