Mather Group LLC. Buys 3,587 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Mather Group LLC increased its Air Products and Chemicals stake by 6.6% in the third quarter, purchasing 3,587 shares and bringing its holdings to 57,654 shares valued at approximately $16.0 million. Institutional investors and hedge funds collectively own 81.66% of APD.
• Air Products and Chemicals reported quarterly EPS of $3.47, beating estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion but came in below expectations.
• The company declared a quarterly dividend of $1.81 per share, equal to an annualized $7.24 dividend and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $334.71.

Mather Group LLC. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,654 shares of the basic materials company's stock after purchasing an additional 3,587 shares during the period. Mather Group LLC.'s holdings in Air Products and Chemicals were worth $16,014,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in APD. Gamco Investors INC. ET AL boosted 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 purchasing an additional 35 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. raised its stake in shares of Air Products and Chemicals by 46.1% in the 3rd quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 111 shares of the basic materials company's stock worth $31,000 after buying an additional 35 shares in the last quarter. Revisor Wealth Management LLC raised its stake in shares of Air Products and Chemicals by 0.8% in the 1st quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company's stock worth $1,320,000 after buying an additional 36 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in shares of Air Products and Chemicals by 0.7% in the first quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company's stock valued at $1,463,000 after buying an additional 37 shares during the period. Finally, Northcape Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 0.4% in the second quarter. Northcape Wealth Management LLC now owns 8,753 shares of the basic materials company's stock valued at $2,566,000 after buying an additional 37 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Up 1.2%

APD stock opened at $292.42 on Thursday. The company has a 50 day moving average of $293.95 and a two-hundred day moving average of $293.21. The company has a market cap of $65.12 billion, a price-to-earnings ratio of -1,329.18, a PEG ratio of 2.72 and a beta of 0.76. 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 quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01.

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 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $3.20 billion. During the same period in the previous year, the company posted $3.09 EPS. 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. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company 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. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals's dividend payout ratio (DPR) is presently -3,290.91%.

Analyst Ratings Changes

APD has been the subject of several research reports. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Citigroup cut their price target on shares of Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating for the company in a report on Wednesday, October 7th. Weiss Ratings lowered shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Finally, Mizuho raised their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $334.71.

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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