NFSG Corp Buys 1,833 Shares of Air Products and Chemicals, Inc. $APD

NFSG Corp grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6,788.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,860 shares of the basic materials company’s stock after acquiring an additional 1,833 shares during the quarter. NFSG Corp’s holdings in Air Products and Chemicals were worth $506,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. YANKCOM Partnership grew its stake in Air Products and Chemicals by 3.7% in the third quarter. YANKCOM Partnership now owns 3,078 shares of the basic materials company’s stock valued at $856,000 after acquiring an additional 110 shares during the period. Cohen Klingenstein LLC increased its holdings in shares of Air Products and Chemicals by 3,098.6% in the third quarter. Cohen Klingenstein LLC now owns 127,943 shares of the basic materials company’s stock worth $34,842,000 after acquiring an additional 123,943 shares in the last quarter. Harrell Investment Partners LLC raised its position in shares of Air Products and Chemicals by 78.4% during the third quarter. Harrell Investment Partners LLC now owns 28,518 shares of the basic materials company’s stock worth $7,857,000 after purchasing an additional 12,530 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Air Products and Chemicals by 12,453.7% during the third quarter. Assenagon Asset Management S.A. now owns 660,826 shares of the basic materials company’s stock worth $179,864,000 after purchasing an additional 655,562 shares during the period. Finally, Mystic Asset Management Inc. raised its position in shares of Air Products and Chemicals by 133.9% during the third quarter. Mystic Asset Management Inc. now owns 4,122 shares of the basic materials company’s stock worth $1,132,000 after purchasing an additional 2,360 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Up 0.9%

Shares of Air Products and Chemicals stock traded up $2.60 during trading on Friday, reaching $299.19. The stock had a trading volume of 1,215,730 shares, compared to its average volume of 1,153,743. The company has a market capitalization of $66.63 billion, a price-to-earnings ratio of -1,359.98, a P/E/G ratio of 2.79 and a beta of 0.76. The stock has a fifty day moving average price of $293.80 and a two-hundred day moving average price of $293.28. 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 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 posted 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 during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%. 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 prior year, the firm 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. Sell-side 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 company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s dividend payout ratio is -3,290.91%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on APD shares. 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. KeyCorp began coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Two research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $333.88.

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.