B.A. Schrock Wealth Management Inc. Purchases New Stake in Air Products and Chemicals, Inc. $APD

B.A. Schrock Wealth Management Inc. acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, Holdings Channel.com reports. The fund acquired 2,269 shares of the basic materials company’s stock, valued at approximately $620,000.

Several other institutional investors and hedge funds have also modified their holdings of APD. Ashurst Perkins Coie Trust Co grew its stake in shares of Air Products and Chemicals by 132,900.0% in the 3rd quarter. Ashurst Perkins Coie Trust Co now owns 17,290 shares of the basic materials company’s stock valued at $4,705,000 after buying an additional 17,277 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its stake in Air Products and Chemicals by 14.2% in the third quarter. ZWJ Investment Counsel Inc. now owns 94,545 shares of the basic materials company’s stock valued at $26,277,000 after acquiring an additional 11,753 shares during the last quarter. Triangle Securities Wealth Management lifted its stake in Air Products and Chemicals by 75.3% in the third quarter. Triangle Securities Wealth Management now owns 5,260 shares of the basic materials company’s stock valued at $1,450,000 after acquiring an additional 2,260 shares during the last quarter. Mather Group LLC. grew its position in Air Products and Chemicals by 6.6% in the third quarter. Mather Group LLC. now owns 57,654 shares of the basic materials company’s stock worth $16,014,000 after acquiring an additional 3,587 shares in the last quarter. Finally, Hudock Inc. raised its holdings in shares of Air Products and Chemicals by 108.2% during the 3rd quarter. Hudock Inc. now owns 3,412 shares of the basic materials company’s stock valued at $939,000 after purchasing an additional 1,773 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on APD shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Mizuho boosted their price target on 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. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research note on Monday, August 3rd. Royal Bank Of Canada increased their price objective on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Barclays started coverage on Air Products and Chemicals in a research note on Monday. They issued an “overweight” rating and a $353.00 price objective on the stock. One equities 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 stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $334.71.

Air Products and Chemicals Stock Up 1.2%

Air Products and Chemicals stock opened at $292.42 on Thursday. The firm has a market cap of $65.12 billion, a price-to-earnings ratio of -1,329.18, a P/E/G ratio of 2.72 and a beta of 0.76. The firm has a fifty day moving average price of $293.95 and a two-hundred day moving average price of $293.21. 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 current ratio of 1.08 and a quick ratio of 0.92.

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 business 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%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.09 EPS. 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 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business 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 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 dividend yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

About Air Products and Chemicals

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.