Journey Retirement Planning & Investment Management LLC Purchases 2,869 Shares of Air Products and Chemicals, Inc. $APD

Journey Retirement Planning & Investment Management LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 92.1% during the third quarter, Holdings Channel reports. The institutional investor owned 5,985 shares of the basic materials company’s stock after purchasing an additional 2,869 shares during the quarter. Air Products and Chemicals comprises approximately 1.1% of Journey Retirement Planning & Investment Management LLC’s portfolio, making the stock its 16th largest holding. Journey Retirement Planning & Investment Management LLC’s holdings in Air Products and Chemicals were worth $1,648,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of APD. S&CO Inc. bought a new position in Air Products and Chemicals in the second quarter valued at $27,733,000. Neville Rodie & Shaw Inc. boosted its stake in shares of Air Products and Chemicals by 1,457.1% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock worth $7,851,000 after buying an additional 26,956 shares during the last quarter. Park National Corp OH grew its holdings in shares of Air Products and Chemicals by 66.7% in the 3rd quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock valued at $6,761,000 after acquiring an additional 9,817 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Air Products and Chemicals by 26.7% in the first quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock valued at $16,573,000 after acquiring an additional 12,020 shares during the last quarter. Finally, Rockland Trust Co. raised its holdings in Air Products and Chemicals by 7.0% during the second quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock worth $19,151,000 after acquiring an additional 4,279 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on APD shares. Mizuho increased their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Argus lifted their price objective on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $333.56.

Air Products and Chemicals Stock Performance

APD traded up $4.12 during trading on Friday, hitting $282.50. The stock had a trading volume of 205,909 shares, compared to its average volume of 1,279,797. 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 price-to-earnings ratio of -1,284.20, a P/E/G ratio of 2.62 and a beta of 0.76. The company has a 50 day moving average price of $294.58 and a 200-day moving average price of $293.23. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87.

Air Products and Chemicals (NYSE:APD) last announced its earnings results 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. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the business posted $3.09 earnings per share. Air Products and Chemicals’s quarterly revenue was up 4.6% on a year-over-year basis. 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, research analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued 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 dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -3,290.91%.

Air Products and Chemicals Company 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.