34,697 Air Products and Chemicals, Inc. $APD Shares Purchased by Sage Capital Advisors llc

Sage Capital Advisors llc raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 230.9% during the third quarter, HoldingsChannel reports. The fund owned 49,722 shares of the basic materials company’s stock after acquiring an additional 34,697 shares during the quarter. Air Products and Chemicals accounts for approximately 2.0% of Sage Capital Advisors llc’s investment portfolio, making the stock its 9th largest holding. Sage Capital Advisors llc’s holdings in Air Products and Chemicals were worth $13,623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steel Grove Capital Advisors LLC purchased a new stake in Air Products and Chemicals in the third quarter worth about $240,000. Jericho Financial LLP boosted its position in shares of Air Products and Chemicals by 1.7% in the 3rd quarter. Jericho Financial LLP now owns 8,641 shares of the basic materials company’s stock worth $2,404,000 after purchasing an additional 147 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of Air Products and Chemicals by 472.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 84,237 shares of the basic materials company’s stock valued at $23,437,000 after acquiring an additional 69,521 shares in the last quarter. JGP Wealth Management LLC increased its stake in Air Products and Chemicals by 1.3% during the 3rd quarter. JGP Wealth Management LLC now owns 38,856 shares of the basic materials company’s stock valued at $10,811,000 after purchasing an additional 512 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in Air Products and Chemicals by 7,100.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 576 shares of the basic materials company’s stock worth $157,000 after acquiring an additional 568 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on APD. Argus lifted their price objective on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Weiss Ratings downgraded Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Royal Bank Of Canada upped their price objective on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $334.71.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock traded up $4.20 during trading on Tuesday, reaching $288.06. The company had a trading volume of 252,114 shares, compared to its average volume of 1,273,742. The firm has a market capitalization of $64.15 billion, a PE ratio of -1,309.95, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76. The firm’s 50-day simple moving average is $294.12 and its 200 day simple moving average is $293.22. 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, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87.

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 analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during 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 firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.09 earnings per share. 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 anticipate 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 business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid 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 payout ratio is currently -3,290.91%.

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.