12,201 Air Products and Chemicals, Inc. $APD Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 698.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,949 shares of the basic materials company’s stock after buying an additional 12,201 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Air Products and Chemicals were worth $3,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals in the first quarter valued at approximately $25,000. Fiduciary Financial Advisors bought a new position in Air Products and Chemicals during the second quarter valued at $25,000. Main Street Group LTD bought a new position in Air Products and Chemicals during the first quarter valued at $27,000. Cornerstone Planning Group LLC increased its position in Air Products and Chemicals by 318.2% in the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. increased its position in Air Products and Chemicals by 77.6% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company’s stock worth $28,000 after buying an additional 45 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore restated an “outperform” rating and issued a $342.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 10th. Argus increased their price target on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Mizuho increased their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 31st. Finally, Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $333.88.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $299.19 on Friday. The stock has a market capitalization of $66.63 billion, a P/E ratio of -1,359.98, a PEG ratio of 2.82 and a beta of 0.76. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The firm’s 50 day moving average is $293.80 and its 200 day moving average is $293.28. 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) last released its quarterly earnings data 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 company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm earned $3.09 EPS. Air Products and Chemicals’s revenue for the quarter 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, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

About Air Products and Chemicals

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.