Air Products and Chemicals, Inc. $APD Stake Boosted by Forum Financial Management LP

Forum Financial Management LP grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 103.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,926 shares of the basic materials company’s stock after purchasing an additional 3,522 shares during the period. Forum Financial Management LP’s holdings in Air Products and Chemicals were worth $1,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. New England Research & Management Inc. raised its position in shares of Air Products and Chemicals by 676.0% in the third quarter. New England Research & Management Inc. now owns 18,043 shares of the basic materials company’s stock valued at $4,923,000 after purchasing an additional 15,718 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Air Products and Chemicals by 1,407.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 131,924 shares of the basic materials company’s stock worth $35,960,000 after buying an additional 123,171 shares in the last quarter. Wealth Intelligence LLC lifted its holdings in shares of Air Products and Chemicals by 283.0% during the third quarter. Wealth Intelligence LLC now owns 15,457 shares of the basic materials company’s stock valued at $4,231,000 after acquiring an additional 11,421 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in Air Products and Chemicals by 3,680.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 49,216 shares of the basic materials company’s stock valued at $13,401,000 after purchasing an additional 47,914 shares during the last quarter. Finally, Hanson & Doremus Investment Management raised its stake in shares of Air Products and Chemicals by 55.3% in the third quarter. Hanson & Doremus Investment Management now owns 4,457 shares of the basic materials company’s stock valued at $1,229,000 after acquiring an additional 1,587 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.9%

NYSE APD opened at $299.19 on Friday. The stock has a 50 day moving average of $293.80 and a 200-day moving average of $293.28. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The company has a market cap 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 current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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%. Air Products and Chemicals’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APD. Evercore reiterated an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Finally, Argus raised their price objective on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price 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.