Wealthfront Advisers LLC Buys New Shares in Air Products and Chemicals, Inc. $APD

Wealthfront Advisers LLC bought a new position in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 17,810 shares of the basic materials company’s stock, valued at approximately $5,222,000.

Other institutional investors have also added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $25,000. Evolution Wealth Management Inc. purchased a new stake in Air Products and Chemicals during the 1st quarter valued at about $25,000. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals during the 4th quarter worth approximately $25,000. Mcguire Capital Advisors Inc. purchased a new position in Air Products and Chemicals in the 4th quarter worth approximately $25,000. Finally, Motiv8 Investments LLC bought a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $26,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Down 1.2%

NYSE:APD opened at $299.67 on Friday. The company has a 50-day moving average price of $295.34 and a 200-day moving average price of $290.65. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. 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 stock has a market cap of $66.73 billion, a price-to-earnings ratio of -1,362.14, a P/E/G ratio of 2.63 and a beta of 0.73.

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, beating 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 for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company earned $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. Equities analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current 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 dividend of $1.81 per share. The ex-dividend date 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 dividend payout ratio is -3,290.91%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a report on Friday, May 1st. Evercore reissued an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Wells Fargo & Company increased their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Mizuho boosted their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Company 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.