Air Products and Chemicals, Inc. $APD Stock: Essex LLC Raises Stake

Essex LLC boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 173.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,158 shares of the basic materials company’s stock after purchasing an additional 2,003 shares during the quarter. Essex LLC’s holdings in Air Products and Chemicals were worth $866,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Triumph Capital Management boosted its holdings in shares of Air Products and Chemicals by 960.0% during the third quarter. Triumph Capital Management now owns 159 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 144 shares during the period. Mitchell & Pahl Private Wealth LLC raised its stake in Air Products and Chemicals by 34.4% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 13,724 shares of the basic materials company’s stock valued at $3,800,000 after acquiring an additional 3,512 shares in the last quarter. Sanders Morris Harris LLC grew its stake in shares of Air Products and Chemicals by 121.7% in the third quarter. Sanders Morris Harris LLC now owns 4,578 shares of the basic materials company’s stock worth $1,267,000 after purchasing an additional 2,513 shares in the last quarter. Adirondack Trust Co. raised its stake in shares of Air Products and Chemicals by 217.7% during the third quarter. Adirondack Trust Co. now owns 1,061 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 727 shares in the last quarter. Finally, Lodestone Wealth Management LLC grew its position in Air Products and Chemicals by 2,357.1% in the 3rd quarter. Lodestone Wealth Management LLC now owns 172 shares of the basic materials company’s stock valued at $47,000 after buying an additional 165 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

NYSE:APD traded up $3.46 during trading hours on Wednesday, hitting $292.42. 1,046,382 shares of the company traded hands, compared to its average volume of 1,275,878. The firm has a 50-day moving average of $294.01 and a 200 day moving average of $293.22. The stock has a market capitalization of $65.12 billion, a price-to-earnings ratio of -1,329.18, a P/E/G ratio of 2.67 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. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87.

Air Products and Chemicals (NYSE:APD) 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 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 analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm posted $3.09 EPS. The company’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, analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

Wall Street Analysts Forecast Growth

APD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Royal Bank Of Canada lifted their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Wells Fargo & Company lifted their price target 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. Sanford C. Bernstein reiterated an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a report on Friday, July 31st. Finally, KeyCorp started coverage on Air Products and Chemicals in a research note 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, eleven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $334.71.

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.