Heartwood Wealth Advisors LLC Acquires 6,625 Shares of Air Products and Chemicals, Inc. $APD

Heartwood Wealth Advisors LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,625 shares of the basic materials company’s stock, valued at approximately $1,807,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of APD. State Street Corp lifted its stake in Air Products and Chemicals by 277.4% during the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock valued at $10,597,451,000 after acquiring an additional 28,050,956 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at $5,370,093,000. Bank of America Corp DE bought a new stake in Air Products and Chemicals in the second quarter valued at approximately $1,216,976,000. Capital International Investors grew its stake in shares of Air Products and Chemicals by 44.2% in the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock worth $3,160,023,000 after purchasing an additional 3,922,567 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock valued at $927,010,000 after acquiring an additional 2,563,873 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD traded up $3.84 on Monday, reaching $281.41. 240,394 shares of the company’s stock were exchanged, compared to its average volume of 1,287,494. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The stock has a market cap of $62.67 billion, a PE ratio of -1,279.12, a P/E/G ratio of 2.61 and a beta of 0.76. The stock’s fifty day moving average price is $295.87 and its 200-day moving average price is $293.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

Air Products and Chemicals (NYSE:APD) last announced 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. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm 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. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is -3,290.91%.

Analysts Set New Price Targets

APD has been the topic of a number of recent research reports. Sanford C. Bernstein reissued 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. Evercore reaffirmed an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 10th. UBS Group set a $305.00 price objective on Air Products and Chemicals in a research report on Monday. KeyCorp began coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They issued a “sector weight” rating for the company. Finally, Weiss Ratings downgraded shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $334.69.

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.