NTV Asset Management LLC Acquires 3,060 Shares of Air Products and Chemicals, Inc. $APD

NTV Asset Management LLC bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,060 shares of the basic materials company’s stock, valued at approximately $851,000.

Several other institutional investors have also modified their holdings of the stock. Ascent Wealth Partners LLC boosted its holdings in Air Products and Chemicals by 30.4% in the 3rd quarter. Ascent Wealth Partners LLC now owns 32,330 shares of the basic materials company’s stock worth $8,995,000 after buying an additional 7,528 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Air Products and Chemicals by 2.2% during the third quarter. Evergreen Capital Management LLC now owns 3,120 shares of the basic materials company’s stock valued at $868,000 after acquiring an additional 66 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Air Products and Chemicals by 0.3% during the third quarter. Farmers & Merchants Investments Inc. now owns 70,912 shares of the basic materials company’s stock valued at $19,730,000 after acquiring an additional 184 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Air Products and Chemicals by 10.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 8,969 shares of the basic materials company’s stock valued at $2,495,000 after acquiring an additional 830 shares in the last quarter. Finally, NovaPoint Capital LLC lifted its position in shares of Air Products and Chemicals by 3.8% in the third quarter. NovaPoint Capital LLC now owns 16,289 shares of the basic materials company’s stock valued at $4,532,000 after acquiring an additional 591 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. UBS Group reduced their price objective on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Evercore restated an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Two 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $333.88.

Air Products and Chemicals Stock Up 0.0%

Shares of NYSE APD opened at $307.28 on Monday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The stock has a market cap of $68.43 billion, a PE ratio of -1,396.72, a P/E/G ratio of 2.89 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 company has a 50-day moving average of $293.49 and a 200 day moving average of $293.71.

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, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $3.09 EPS. 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. As a group, sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Monday, January 4th will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, January 4th. Air Products and Chemicals’s dividend payout ratio (DPR) 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.