Platform Technology Partners Purchases 6,249 Shares of Air Products and Chemicals, Inc. $APD

by · The Cerbat Gem

Platform Technology Partners increased its position in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 683.0% in the third quarter, Holdings Channel.com reports. The fund owned 7,164 shares of the basic materials company’s stock after purchasing an additional 6,249 shares during the period. Platform Technology Partners’ holdings in Air Products and Chemicals were worth $1,954,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Traub Capital Management LLC bought a new stake in shares of Air Products and Chemicals in the 2nd quarter worth $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals during the second quarter valued at $28,000. Abound Wealth Management increased its holdings in Air Products and Chemicals by 292.3% in the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after buying an additional 76 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Air Products and Chemicals by 228.1% in the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after buying an additional 73 shares in the last quarter. Finally, Financial Connections Group Inc. raised its position in Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after buying an additional 35 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

APD opened at $267.56 on Tuesday. The company’s 50 day moving average is $253.64 and its 200 day moving average is $270.18. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. The company has a market cap of $59.56 billion, a price-to-earnings ratio of -150.31, a PEG ratio of 2.63 and a beta of 0.87. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $341.14.

Air Products and Chemicals (NYSE:APD – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $3.56 earnings per share. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. On average, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 2nd will be given a dividend of $1.79 per share. The ex-dividend date is Friday, January 2nd. This represents a $7.16 annualized dividend and a yield of 2.7%. Air Products and Chemicals’s payout ratio is -402.25%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APD. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $250.00 price target (down previously from $330.00) on shares of Air Products and Chemicals in a report on Friday, December 19th. JPMorgan Chase & Co. lowered their price objective on shares of Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Wolfe Research reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a research report on Monday, December 8th. Wall Street Zen lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. Finally, Argus lowered their price target on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.00.

Check Out Our Latest Report on APD

Air Products and Chemicals Profile

(Free Report)

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.

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