19,357 Air Products and Chemicals, Inc. $APD Shares Acquired by WealthPLAN Partners LLC

WealthPLAN Partners LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1,106.7% in the third quarter, HoldingsChannel.com reports. The fund owned 21,106 shares of the basic materials company’s stock after purchasing an additional 19,357 shares during the period. Air Products and Chemicals makes up about 1.0% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 26th biggest position. WealthPLAN Partners LLC’s holdings in Air Products and Chemicals were worth $5,751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in Air Products and Chemicals by 254.6% during the third quarter. State of Alaska Department of Revenue now owns 77,373 shares of the basic materials company’s stock worth $21,183,000 after acquiring an additional 55,554 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in Air Products and Chemicals by 125.2% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 35,200 shares of the basic materials company’s stock valued at $9,671,000 after acquiring an additional 19,570 shares during the last quarter. WealthPlan Investment Management LLC grew its position in Air Products and Chemicals by 137.3% in the third quarter. WealthPlan Investment Management LLC now owns 16,394 shares of the basic materials company’s stock worth $4,487,000 after acquiring an additional 9,485 shares during the period. Nvwm LLC increased its stake in Air Products and Chemicals by 229.3% during the third quarter. Nvwm LLC now owns 7,435 shares of the basic materials company’s stock worth $2,024,000 after acquiring an additional 5,177 shares during the last quarter. Finally, Covenant Asset Management LLC increased its stake in Air Products and Chemicals by 38.2% during the third quarter. Covenant Asset Management LLC now owns 5,346 shares of the basic materials company’s stock worth $1,478,000 after acquiring an additional 1,479 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 1.0%

Shares of NYSE APD traded up $2.85 during trading on Thursday, reaching $295.38. The stock had a trading volume of 283,493 shares, compared to its average volume of 1,270,838. 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 cap of $65.78 billion, a P/E ratio of -1,342.65, a PEG ratio of 2.72 and a beta of 0.76. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The business’s 50-day moving average price is $293.95 and its 200-day moving average price is $293.21.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results 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 business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, equities research analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is -3,290.91%.

Wall Street Analyst Weigh In

APD has been the topic of several recent analyst reports. Mizuho upped their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Finally, Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $333.88.

Air Products and Chemicals Profile

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.