Teamwork Financial Advisors LLC Sells 38,127 Shares of Air Products and Chemicals, Inc. $APD

Teamwork Financial Advisors LLC cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 96.1% during the third quarter, Holdings Channel.com reports. The fund owned 1,554 shares of the basic materials company’s stock after selling 38,127 shares during the period. Teamwork Financial Advisors LLC’s holdings in Air Products and Chemicals were worth $432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in APD. State Street Corp boosted its position in shares of Air Products and Chemicals by 277.4% in the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock worth $10,597,451,000 after purchasing an additional 28,050,956 shares during the last quarter. BlackRock Inc. bought a new stake in Air Products and Chemicals in the second quarter valued at about $5,370,093,000. Bank of America Corp DE increased its holdings in Air Products and Chemicals by 14.3% in the first quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock valued at $1,290,801,000 after purchasing an additional 556,188 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock valued at $927,010,000 after purchasing an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC lifted its stake in Air Products and Chemicals by 0.5% in the first 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 during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.2%

APD stock traded down $0.66 during midday trading on Monday, hitting $298.93. 940,424 shares of the company’s stock were exchanged, compared to its average volume of 1,273,443. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market cap of $66.57 billion, a PE ratio of -1,358.78, a price-to-earnings-growth ratio of 2.82 and a beta of 0.76. The stock’s fifty day moving average price is $293.63 and its 200-day moving average price is $293.36.

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, topping the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $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. Research analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Mizuho boosted their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Barclays initiated coverage on shares of Air Products and Chemicals in a research note on Monday, October 12th. They issued an “overweight” rating and a $353.00 target price for the company. KeyCorp began coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Finally, Argus increased 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.88.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.