Phillips Wealth Planners LLC Purchases New Holdings in Air Products and Chemicals, Inc. $APD

Phillips Wealth Planners LLC acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,667 shares of the basic materials company’s stock, valued at approximately $814,000.

Other hedge funds have also recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in Air Products and Chemicals in the first quarter worth $25,000. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Air Products and Chemicals in the fourth quarter worth about $25,000. Finally, Motiv8 Investments LLC purchased a new position in Air Products and Chemicals in the 4th quarter worth about $26,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APD. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Berenberg Bank set a $350.00 target price on Air Products and Chemicals and gave the company a “buy” rating in a research report on Monday, April 20th. Evercore reiterated an “outperform” rating and issued a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. Finally, Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Trading Down 2.7%

APD opened at $300.68 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The firm has a market cap of $66.96 billion, a price-to-earnings ratio of -1,366.73, a PEG ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The stock has a fifty day moving average price of $293.96 and a 200-day moving average price of $289.79.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate 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%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. 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 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.