47,914 Air Products and Chemicals, Inc. $APD Shares Bought by Cyndeo Wealth Partners LLC

by · The Cerbat Gem

Cyndeo Wealth Partners LLC grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 3,680.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,216 shares of the basic materials company’s stock after purchasing an additional 47,914 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $13,401,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hanson & Doremus Investment Management grew its stake in Air Products and Chemicals by 55.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 4,457 shares of the basic materials company’s stock valued at $1,229,000 after purchasing an additional 1,587 shares in the last quarter. Aspiriant LLC raised its position in shares of Air Products and Chemicals by 852.8% during the 3rd quarter. Aspiriant LLC now owns 7,699 shares of the basic materials company’s stock worth $2,101,000 after buying an additional 6,891 shares in the last quarter. Pension & Wealth Management Advisors Inc. grew its holdings in Air Products and Chemicals by 811.6% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 784 shares of the basic materials company’s stock worth $215,000 after acquiring an additional 698 shares during the period. Howard Capital Management LLC boosted its stake in shares of Air Products and Chemicals by 191.1% during the 3rd quarter. Howard Capital Management LLC now owns 6,384 shares of the basic materials company’s stock worth $1,751,000 after acquiring an additional 4,191 shares in the last quarter. Finally, Goelzer Investment Management Inc. increased its position in shares of Air Products and Chemicals by 73.2% in the third quarter. Goelzer Investment Management Inc. now owns 31,647 shares of the basic materials company’s stock worth $8,652,000 after acquiring an additional 13,378 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.9%

Shares of NYSE:APD opened at $299.19 on Friday. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market capitalization of $66.63 billion, a PE ratio of -1,359.98, a PEG ratio of 2.79 and a beta of 0.76. The company has a 50 day moving average price of $293.80 and a two-hundred day moving average price of $293.28.

Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $3.09 earnings per share. 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. 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 company 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 dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is -3,290.91%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating for the company in a research note on Thursday. KeyCorp initiated coverage on Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. UBS Group cut their price target on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 price target on shares of Air Products and Chemicals in a report on Friday, July 31st. Finally, Citigroup decreased their price target on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $333.88.

View Our Latest Analysis on Air Products and Chemicals

About Air Products and Chemicals

(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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