Air Products and Chemicals, Inc. $APD Shares Purchased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 137.3% during the 3rd quarter, Holdings Channel reports. The fund owned 16,394 shares of the basic materials company’s stock after acquiring an additional 9,485 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Air Products and Chemicals were worth $4,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in shares of Air Products and Chemicals during the 1st quarter valued at $25,000. Fiduciary Financial Advisors acquired a new stake in shares of Air Products and Chemicals in the second quarter valued at $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of Air Products and Chemicals by 318.2% in the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock valued at $28,000 after buying an additional 70 shares during the period. Main Street Group LTD bought a new position in Air Products and Chemicals during the first quarter valued at about $27,000. Finally, MJT & Associates Financial Advisory Group Inc. boosted its stake in Air Products and Chemicals by 77.6% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company’s stock valued at $28,000 after buying an additional 45 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on APD shares. Royal Bank Of Canada decreased their target price on shares of Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating for the company in a report on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 31st. Mizuho lifted their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Barclays began coverage on shares of Air Products and Chemicals in a research note on Monday. They set an “overweight” rating and a $353.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $333.88.

Air Products and Chemicals Stock Up 0.9%

Shares of APD stock traded up $2.69 during trading on Thursday, hitting $295.22. 221,102 shares of the company were exchanged, compared to its average volume of 1,270,413. The firm has a market capitalization of $65.74 billion, a price-to-earnings ratio of -1,342.80, a P/E/G ratio of 2.72 and a beta of 0.76. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The business’s 50-day simple moving average is $293.95 and its 200 day simple moving average is $293.21.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the company posted $3.09 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. 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, analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.5%. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

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.