Journey Retirement Planning & Investment Management LLC Boosts Stock Position in Air Products and Chemicals, Inc. $APD

by · The Markets Daily

Journey Retirement Planning & Investment Management LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 92.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,985 shares of the basic materials company’s stock after purchasing an additional 2,869 shares during the period. Air Products and Chemicals makes up approximately 1.1% of Journey Retirement Planning & Investment Management LLC’s holdings, making the stock its 16th largest position. Journey Retirement Planning & Investment Management LLC’s holdings in Air Products and Chemicals were worth $1,648,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. O Keefe Stevens Advisory Inc. grew its stake in shares of Air Products and Chemicals by 658.3% in the third quarter. O Keefe Stevens Advisory Inc. now owns 39,994 shares of the basic materials company’s stock worth $10,921,000 after acquiring an additional 34,720 shares during the last quarter. Dakota Community Bank & Trust NA boosted its holdings in Air Products and Chemicals by 251.1% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 2,619 shares of the basic materials company’s stock valued at $717,000 after purchasing an additional 1,873 shares during the period. Graves Light Lenhart Wealth Inc. grew its position in Air Products and Chemicals by 78.9% in the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 2,122 shares of the basic materials company’s stock worth $582,000 after purchasing an additional 936 shares during the last quarter. Chapin Davis Inc. increased its holdings in shares of Air Products and Chemicals by 1.5% during the 3rd quarter. Chapin Davis Inc. now owns 9,722 shares of the basic materials company’s stock worth $2,705,000 after purchasing an additional 141 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Air Products and Chemicals by 344.9% during the third quarter. GAMMA Investing LLC now owns 23,684 shares of the basic materials company’s stock valued at $6,480,000 after buying an additional 18,360 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of several recent research reports. UBS Group cut their price target on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating for the company in a report on Monday. KeyCorp initiated coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They set a “sector weight” rating on the stock. Mizuho raised their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research 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 note on Friday, July 31st. Finally, Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $333.56.

Check Out Our Latest Research Report on APD

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded up $4.12 during midday trading on Friday, hitting $282.50. 205,909 shares of the company were exchanged, compared to its average volume of 1,279,797. The firm has a 50 day simple moving average of $294.58 and a 200-day simple moving average of $293.23. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market cap of $62.91 billion, a P/E ratio of -1,284.20, a PEG ratio of 2.62 and a beta of 0.76. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87.

Air Products and Chemicals (NYSE:APD – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company 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. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid 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 yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.

Air Products and Chemicals Company 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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