Air Products and Chemicals, Inc. $APD Shares Bought by First Pacific Financial

First Pacific Financial increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 95.6% during the third quarter, Holdings Channel reports. The firm owned 5,832 shares of the basic materials company’s stock after acquiring an additional 2,850 shares during the period. First Pacific Financial’s holdings in Air Products and Chemicals were worth $1,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APD. Fortitude Family Office LLC raised its stake in Air Products and Chemicals by 726.3% in the third quarter. Fortitude Family Office LLC now owns 785 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 690 shares in the last quarter. Strategy Asset Managers LLC grew its stake in Air Products and Chemicals by 1.5% during the third quarter. Strategy Asset Managers LLC now owns 10,212 shares of the basic materials company’s stock worth $2,841,000 after buying an additional 149 shares in the last quarter. Union Savings Bank grew its stake in Air Products and Chemicals by 9,231.0% during the third quarter. Union Savings Bank now owns 2,706 shares of the basic materials company’s stock worth $737,000 after buying an additional 2,677 shares in the last quarter. Essex LLC grew its stake in Air Products and Chemicals by 173.4% during the third quarter. Essex LLC now owns 3,158 shares of the basic materials company’s stock worth $866,000 after buying an additional 2,003 shares in the last quarter. Finally, Triumph Capital Management increased its holdings in Air Products and Chemicals by 960.0% in the 3rd quarter. Triumph Capital Management now owns 159 shares of the basic materials company’s stock valued at $44,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE APD opened at $292.42 on Thursday. The firm’s fifty day moving average price is $293.95 and its two-hundred day moving average price is $293.21. The stock has a market cap of $65.12 billion, a PE ratio of -1,329.18, a PEG ratio of 2.72 and a beta of 0.76. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week 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.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the business earned $3.09 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

Wall Street Analyst Weigh In

APD has been the subject of several analyst reports. Argus boosted their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. KeyCorp began coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They set a “sector weight” rating for the company. Mizuho increased their price target 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. UBS Group decreased their price objective on shares of Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $334.71.

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.