SteelPeak Wealth LLC Buys 3,790 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• SteelPeak Wealth increased its Air Products and Chemicals stake by 396.9% in the third quarter, purchasing 3,790 additional shares for a total holding valued at approximately $1.3 million. Institutional investors collectively own 81.66% of the company.
• Analysts maintain a “Moderate Buy” consensus on APD, with an average price target of $333.88 versus the reported share price of $299.19.
• Air Products reported quarterly EPS of $3.47, topping estimates, 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 an annualized yield of about 2.4%.

SteelPeak Wealth LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 396.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,745 shares of the basic materials company's stock after buying an additional 3,790 shares during the period. SteelPeak Wealth LLC's holdings in Air Products and Chemicals were worth $1,297,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of Air Products and Chemicals by 712.2% in the third quarter. IFP Advisors Inc now owns 17,738 shares of the basic materials company's stock valued at $4,841,000 after acquiring an additional 15,554 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in Air Products and Chemicals by 1,352.9% during the third quarter. Robertson Stephens Wealth Management LLC now owns 13,309 shares of the basic materials company's stock worth $3,627,000 after purchasing an additional 12,393 shares in the last quarter. Lee Financial Co raised its holdings in Air Products and Chemicals by 1.3% during the third quarter. Lee Financial Co now owns 3,205 shares of the basic materials company's stock worth $892,000 after purchasing an additional 40 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in Air Products and Chemicals by 698.0% during the third quarter. Frank Rimerman Advisors LLC now owns 13,949 shares of the basic materials company's stock worth $3,807,000 after purchasing an additional 12,201 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC lifted its position in Air Products and Chemicals by 81.9% in the third quarter. Birch Hill Investment Advisors LLC now owns 16,714 shares of the basic materials company's stock worth $4,604,000 after purchasing an additional 7,523 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analyst Weigh In

APD has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on 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. Citigroup decreased their target price on Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating for the company in a research note on Wednesday, October 7th. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. Royal Bank Of Canada dropped their target price on shares of Air Products and Chemicals from $360.00 to $346.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Barclays started coverage on shares of Air Products and Chemicals in a research note on Monday, October 12th. They set an "overweight" rating and a $353.00 target price for the company. 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. According to MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average target price of $333.88.

Air Products and Chemicals Stock Down 0.1%

Shares of Air Products and Chemicals stock opened at $299.19 on Monday. The stock's fifty day moving average is $293.80 and its 200-day moving average is $293.29. The firm has a market capitalization of $66.63 billion, a PE ratio of -1,359.98, a price-to-earnings-growth ratio of 2.82 and a beta of 0.76. 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 12-month low of $229.11 and a 12-month high of $314.87.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its 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 positive return on equity of 16.87% and a negative net margin of 0.38%. The business had revenue of $3.16 billion during 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 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 analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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. 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 2.4%. Air Products and Chemicals's dividend payout ratio is currently -3,290.91%.

Air Products and Chemicals Profile

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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