Air Products and Chemicals, Inc. $APD Stock Holdings Increased by Everhart Financial Group Inc.

Everhart Financial Group Inc. lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 379.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,903 shares of the basic materials company’s stock after acquiring an additional 4,671 shares during the period. Everhart Financial Group Inc.’s holdings in Air Products and Chemicals were worth $1,615,000 as of its most recent SEC filing.

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

Air Products and Chemicals Stock Down 0.0%

Shares of APD traded down $0.13 during midday trading on Thursday, hitting $277.99. The company had a trading volume of 260,136 shares, compared to its average volume of 1,282,368. The stock has a market cap of $61.91 billion, a price-to-earnings ratio of -1,262.80, a PEG ratio of 2.64 and a beta of 0.76. The company’s 50 day moving average price is $295.02 and its 200 day moving average price is $293.25. 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 52 week low of $229.11 and a 52 week high of $314.87.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share 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 firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the company earned $3.09 earnings per share. Air Products and Chemicals’s quarterly 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 research analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced 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 is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.6%. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup cut their target price on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a research report on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 31st. 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. UBS Group lowered their price target on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating for the company in a report on Monday. Finally, KeyCorp assumed coverage on Air Products and Chemicals in a report on Thursday, September 10th. They set a “sector weight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $333.56.

Air Products and Chemicals 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.