Turtle Creek Wealth Advisors LLC Buys 19,570 Shares of Air Products and Chemicals, Inc. $APD

Turtle Creek Wealth Advisors LLC lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 125.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,200 shares of the basic materials company’s stock after buying an additional 19,570 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $9,671,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of APD. WealthPlan Investment Management LLC grew its holdings in shares of Air Products and Chemicals by 137.3% during the third quarter. WealthPlan Investment Management LLC now owns 16,394 shares of the basic materials company’s stock worth $4,487,000 after purchasing an additional 9,485 shares during the last quarter. Nvwm LLC lifted its holdings in shares of Air Products and Chemicals by 229.3% in the 3rd quarter. Nvwm LLC now owns 7,435 shares of the basic materials company’s stock valued at $2,024,000 after purchasing an additional 5,177 shares during the last quarter. Covenant Asset Management LLC lifted its holdings in shares of Air Products and Chemicals by 38.2% in the 3rd quarter. Covenant Asset Management LLC now owns 5,346 shares of the basic materials company’s stock valued at $1,478,000 after purchasing an additional 1,479 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Air Products and Chemicals by 166.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 386,188 shares of the basic materials company’s stock valued at $105,983,000 after purchasing an additional 241,214 shares during the period. Finally, B.A. Schrock Wealth Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $620,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE APD traded up $1.68 during trading hours on Thursday, hitting $294.21. 269,292 shares of the stock were exchanged, compared to its average volume of 1,270,492. The company has a market cap of $65.52 billion, a price-to-earnings ratio of -1,337.41, a price-to-earnings-growth ratio of 2.72 and a beta of 0.76. 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 50-day moving average of $293.95 and a 200 day moving average of $293.21. 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 (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 analysts’ consensus estimates 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 company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the company earned $3.09 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 earnings per share 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 issued a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) is -3,290.91%.

Analyst Upgrades and Downgrades

APD has been the subject of several research analyst reports. Mizuho increased their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings downgraded 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 decreased their price target on shares of 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Finally, KeyCorp started coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.88.

About Air Products and Chemicals

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.