Air Products and Chemicals, Inc. $APD Stock: Mitchell & Pahl Private Wealth LLC Raises Stake

Mitchell & Pahl Private Wealth LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 34.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,724 shares of the basic materials company’s stock after purchasing an additional 3,512 shares during the quarter. Air Products and Chemicals accounts for approximately 1.3% of Mitchell & Pahl Private Wealth LLC’s holdings, making the stock its 16th biggest position. Mitchell & Pahl Private Wealth LLC’s holdings in Air Products and Chemicals were worth $3,800,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sanders Morris Harris LLC increased its holdings in shares of Air Products and Chemicals by 121.7% in the 3rd quarter. Sanders Morris Harris LLC now owns 4,578 shares of the basic materials company’s stock worth $1,267,000 after purchasing an additional 2,513 shares in the last quarter. Adirondack Trust Co. boosted its position in shares of Air Products and Chemicals by 217.7% during the third quarter. Adirondack Trust Co. now owns 1,061 shares of the basic materials company’s stock valued at $291,000 after buying an additional 727 shares during the last quarter. Lodestone Wealth Management LLC increased its holdings in Air Products and Chemicals by 2,357.1% in the 3rd quarter. Lodestone Wealth Management LLC now owns 172 shares of the basic materials company’s stock worth $47,000 after buying an additional 165 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in Air Products and Chemicals by 1,100.5% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 81,562 shares of the basic materials company’s stock worth $22,236,000 after buying an additional 74,768 shares in the last quarter. Finally, Focus Financial Network Inc. raised its position in Air Products and Chemicals by 609.9% in the 3rd quarter. Focus Financial Network Inc. now owns 5,495 shares of the basic materials company’s stock worth $1,500,000 after buying an additional 4,721 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded up $3.46 during trading hours on Wednesday, reaching $292.42. 1,046,382 shares of the stock traded hands, compared to its average volume of 1,275,878. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The firm has a market capitalization of $65.12 billion, a price-to-earnings ratio of -1,329.18, a P/E/G ratio of 2.67 and a beta of 0.76. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average price of $293.95 and a 200 day moving average price of $293.21.

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, topping the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, equities research analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays started 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. Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. Argus raised their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Finally, Evercore reiterated an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $334.71.

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.