O Keefe Stevens Advisory Inc. Buys 34,720 Shares of Air Products and Chemicals, Inc. $APD

O Keefe Stevens Advisory Inc. lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 658.3% during the 3rd quarter, Holdings Channel reports. The firm owned 39,994 shares of the basic materials company’s stock after acquiring an additional 34,720 shares during the period. Air Products and Chemicals makes up 2.3% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 18th biggest holding. O Keefe Stevens Advisory Inc.’s holdings in Air Products and Chemicals were worth $10,921,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in APD. S&CO Inc. bought a new position in shares of Air Products and Chemicals during the second quarter worth $27,733,000. Neville Rodie & Shaw Inc. raised its stake in Air Products and Chemicals by 1,457.1% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock worth $7,851,000 after buying an additional 26,956 shares during the period. Park National Corp OH raised its stake in Air Products and Chemicals by 66.7% during the 3rd quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock worth $6,761,000 after buying an additional 9,817 shares during the period. NewEdge Advisors LLC lifted its holdings in Air Products and Chemicals by 26.7% during the first quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock worth $16,573,000 after acquiring an additional 12,020 shares in the last quarter. Finally, Rockland Trust Co. grew its stake in Air Products and Chemicals by 7.0% in the second quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock valued at $19,151,000 after acquiring an additional 4,279 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APD has been the topic of a number of research analyst reports. UBS Group dropped their price target on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research report on Monday. Sanford C. Bernstein reissued an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Citigroup lowered their price objective on shares of Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $333.56.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded up $4.18 on Friday, hitting $282.56. The company had a trading volume of 198,447 shares, compared to its average volume of 1,279,797. The stock has a market cap of $62.92 billion, a price-to-earnings ratio of -1,284.30, a P/E/G ratio of 2.62 and a beta of 0.76. The stock has a 50 day moving average price of $294.58 and a 200 day moving average price of $293.23. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm posted $3.09 EPS. 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. Analysts expect that Air Products and Chemicals, Inc. will post 13.46 EPS 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. 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 2.6%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

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.