Air Products and Chemicals, Inc. $APD Stock Holdings Lifted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 125.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,200 shares of the basic materials company’s stock after buying an additional 19,570 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $9,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in APD. State Street Corp grew its position in shares of Air Products and Chemicals by 277.4% in the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock valued at $10,597,451,000 after purchasing an additional 28,050,956 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Air Products and Chemicals during the 2nd quarter worth approximately $5,370,093,000. Bank of America Corp DE raised its position in shares of Air Products and Chemicals by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock worth $1,290,801,000 after purchasing an additional 556,188 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Air Products and Chemicals by 326.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock valued at $927,010,000 after buying an additional 2,563,873 shares in the last quarter. Finally, Aristotle Capital Management LLC lifted its stake in Air Products and Chemicals by 0.5% in the 1st quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock valued at $779,665,000 after buying an additional 14,262 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 0.6%

Air Products and Chemicals stock traded up $1.68 during trading on Thursday, hitting $294.21. The company’s stock had a trading volume of 269,292 shares, compared to its average volume of 1,270,492. The stock’s fifty day moving average is $293.95 and its 200 day moving average is $293.21. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The stock has a market capitalization of $65.52 billion, a price-to-earnings ratio of -1,337.41, a P/E/G ratio of 2.72 and a beta of 0.76. 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 issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company 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, equities research analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors 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 annualized dividend and a dividend yield of 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -3,290.91%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a report on Monday, August 3rd. Citigroup cut their target price on shares of Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Barclays initiated coverage on shares of Air Products and Chemicals in a report on Monday. They issued an “overweight” rating and a $353.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Weiss Ratings downgraded shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $333.88.

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.