Wealth Enhancement Advisory Services LLC cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,495 shares of the basic materials company’s stock after selling 3,374 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.11% of Air Products and Chemicals worth $67,860,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Traub Capital Management LLC purchased a new position in Air Products and Chemicals during the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the second quarter valued at approximately $28,000. Abound Wealth Management increased its stake in Air Products and Chemicals by 292.3% in the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 76 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Air Products and Chemicals by 228.1% in the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 shares in the last quarter. Finally, Financial Connections Group Inc. boosted its holdings in shares of Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Wall Street Analyst Weigh In
APD has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Air Products and Chemicals in a report on Monday, December 29th. Mizuho dropped their price objective on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Argus decreased their target price on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a report on Wednesday, October 1st. Finally, Evercore ISI dropped their price target on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $292.00.
Air Products and Chemicals Trading Down 2.3%
Shares of Air Products and Chemicals stock traded down $6.17 during trading hours on Tuesday, hitting $261.36. The company’s stock had a trading volume of 78,509 shares, compared to its average volume of 1,363,602. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $58.18 billion, a PE ratio of -147.13, a P/E/G ratio of 2.63 and a beta of 0.87. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $341.14. The business has a fifty day moving average of $253.64 and a 200 day moving average of $270.18.
Air Products and Chemicals (NYSE:APD – Get Free Report) last released its earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.01. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the firm earned $3.56 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.
Air Products and Chemicals Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 2nd will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, January 2nd. Air Products and Chemicals’s payout ratio is -402.25%.
Air Products and Chemicals Company Profile
Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.
The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.
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