Air Products and Chemicals, Inc. $APD Shares Purchased by Essex LLC

by · The Cerbat Gem

Essex LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 173.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,158 shares of the basic materials company’s stock after acquiring an additional 2,003 shares during the period. Essex LLC’s holdings in Air Products and Chemicals were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its position in Air Products and Chemicals by 0.9% in the second quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock worth $1,147,000 after purchasing an additional 35 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. lifted its stake in shares of Air Products and Chemicals by 46.1% in the 3rd quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 111 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares during the period. Revisor Wealth Management LLC grew its stake in shares of Air Products and Chemicals by 0.8% during the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock worth $1,320,000 after purchasing an additional 36 shares during the period. Baader Bank Aktiengesellschaft increased its stake in shares of Air Products and Chemicals by 0.7% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock valued at $1,463,000 after acquiring an additional 37 shares during the last quarter. Finally, Northcape Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 0.4% in the 2nd quarter. Northcape Wealth Management LLC now owns 8,753 shares of the basic materials company’s stock valued at $2,566,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded up $3.46 during midday trading on Wednesday, hitting $292.42. The company’s stock had a trading volume of 1,046,382 shares, compared to its average volume of 1,275,878. 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 50-day moving average price of $294.01 and a two-hundred day moving average price of $293.22. The company has a market cap of $65.12 billion, a price-to-earnings ratio of -1,329.18, a PEG ratio of 2.67 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

Air Products and Chemicals (NYSE:APD – Get Free Report) last released its earnings results 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. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.09 EPS. 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 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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

Analyst Upgrades and Downgrades

APD has been the topic of several analyst reports. Mizuho increased their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a research note on Monday, August 3rd. Wells Fargo & Company upped their target price on shares of 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 objective on shares of Air Products and Chemicals in a report on Friday, July 31st. Finally, UBS Group cut their price objective on shares of Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $334.71.

Read Our Latest Research Report on Air Products and Chemicals

Air Products and Chemicals Profile

(Free Report)

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.

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