Air Products and Chemicals, Inc. $APD Position Increased by First Pacific Financial

First Pacific Financial grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 95.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,832 shares of the basic materials company’s stock after acquiring an additional 2,850 shares during the period. First Pacific Financial’s holdings in Air Products and Chemicals were worth $1,604,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC grew its holdings in Air Products and Chemicals by 726.3% during the third quarter. Fortitude Family Office LLC now owns 785 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 690 shares during the period. Strategy Asset Managers LLC raised its stake in Air Products and Chemicals by 1.5% in the third quarter. Strategy Asset Managers LLC now owns 10,212 shares of the basic materials company’s stock valued at $2,841,000 after buying an additional 149 shares during the period. Union Savings Bank raised its stake in Air Products and Chemicals by 9,231.0% in the third quarter. Union Savings Bank now owns 2,706 shares of the basic materials company’s stock valued at $737,000 after buying an additional 2,677 shares during the period. Essex LLC lifted its position in shares of Air Products and Chemicals by 173.4% in the third quarter. Essex LLC now owns 3,158 shares of the basic materials company’s stock valued at $866,000 after buying an additional 2,003 shares during the last quarter. Finally, Triumph Capital Management lifted its position in shares of Air Products and Chemicals by 960.0% in the third quarter. Triumph Capital Management now owns 159 shares of the basic materials company’s stock valued at $44,000 after buying an additional 144 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE:APD opened at $292.42 on Thursday. 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 firm’s 50-day simple moving average is $293.95 and its 200 day simple moving average is $293.21. The firm has a market cap of $65.12 billion, a price-to-earnings ratio of -1,329.18, a P/E/G ratio of 2.72 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) 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 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 quarter in the previous year, the firm 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. KeyCorp started coverage on Air Products and Chemicals in a research note on Thursday, September 10th. They set a “sector weight” rating for the company. Barclays started coverage on Air Products and Chemicals in a research note on Monday. They issued an “overweight” rating and a $353.00 price target on the stock. Citigroup cut their price target on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. 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, October 5th. Finally, Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $334.71.

About Air Products and Chemicals

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.