SteelPeak Wealth LLC Sells 8,039 Shares of Air Products and Chemicals, Inc. $APD

SteelPeak Wealth LLC decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 88.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,008 shares of the basic materials company’s stock after selling 8,039 shares during the period. SteelPeak Wealth LLC’s holdings in Air Products and Chemicals were worth $275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Traub Capital Management LLC bought a new position in shares of Air Products and Chemicals in the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the 2nd quarter worth about $28,000. Abound Wealth Management increased its holdings in Air Products and Chemicals by 292.3% in the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 76 shares in the last quarter. Westside Investment Management Inc. raised its position in Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Financial Connections Group Inc. boosted its stake in shares of Air Products and Chemicals by 46.7% during the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research note on Wednesday, October 1st. UBS Group lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $310.00 to $250.00 in a report on Thursday, December 11th. Citigroup downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price target for the company from $300.00 to $245.00 in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft set a $255.00 price target on shares of Air Products and Chemicals in a report on Wednesday, December 10th. Finally, Wolfe Research restated an “outperform” rating and issued a $315.00 price objective on shares of Air Products and Chemicals in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $292.47.

Air Products and Chemicals Stock Up 1.1%

Air Products and Chemicals stock opened at $249.68 on Monday. The firm has a market cap of $55.58 billion, a price-to-earnings ratio of -140.27, a PEG ratio of 2.46 and a beta of 0.87. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $341.14. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38. The firm has a 50 day moving average price of $250.42 and a two-hundred day moving average price of $271.57.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the firm posted $3.56 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 2nd will be given a $1.79 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $7.16 annualized dividend and a dividend yield of 2.9%. Air Products and Chemicals’s dividend payout ratio (DPR) is -402.25%.

Air Products and Chemicals 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.