Ascent Wealth Partners 13F: Adds $2.1M to APD Stake
Key Points
- Ascent Wealth Partners boosted its position in Air Products and Chemicals by 7,528 shares, marking a 30.4% increase in its holdings.
- The firm's total stake now stands at 32,330 shares, which are currently valued at approximately $8.99 million.
- Air Products and Chemicals trades recently at $307.15, roughly equal to its closing price on the filing date.
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Ascent Wealth Partners boosted its stake in Air Products and Chemicals, Inc. (APD) by adding 7,528 shares on October 23, 2026. The information comes from the fund's latest Form 13F filing with the SEC.
APD
Air Products and Chemicals, Inc.
Ascent Wealth Partners vs. the S&P 500
Hypothetical returns from Ascent Wealth Partners's disclosed trades, not real profit or advice. How we model this.
Where Air Products and Chemicals Fits in Ascent Wealth Partners' Portfolio
This position now represents a significant 30.4% increase in Ascent Wealth Partners' reported holdings. The stock ranks highly in the fund's portfolio, reflecting its importance in their investment strategy.
Other Institutional Activity in Air Products and Chemicals
NTV Asset Management opened a new position with 3,060 shares worth approximately $851,384. Other funds like State Farm Mutual Automobile Insurance Co. and Capital International Investors maintained their stakes, with State Farm holding 11,840,799 shares and Capital International owning 9,567,173 shares, valued at about $3.64 billion and $2.94 billion, respectively.
Air Products and Chemicals, Inc. Stock Down 0.3%
Air Products and Chemicals recently traded at $307.15, which is about equal to its closing price on October 23, 2026. The stock is currently above its 50-day moving average by 4.6% and its 200-day moving average by 6.3%. However, it remains about 2.5% below its 52-week high of $314.87.
Recent Earnings
For the trailing twelve months, Air Products reported revenue of approximately $12.6 billion, with a year-over-year revenue growth of 4.6%. The company is scheduled to announce its next earnings on November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 3.4%. Revenue beat estimates by 2.4%.
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Profit surprise
EBITDA met by 1 percent. Operating income beat by 20 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises.
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Earnings quality
Gross margin up 1.6 points. Operating margin up 103.6 points. Positive free cash flow.
Earnings Call Summary
The quarter delivered strong underlying results with adjusted operating income up 12 percent and margins expanding to 24.4 percent despite sluggish economic conditions. Pricing actions and productivity drove gains across segments, though helium sales fell about 4 percent for the year due to tough prior-year comparisons. Management remains focused on disciplined capital spending, the Darrow ammonia project negotiations with Yara, and bringing new assets online in electronics and aerospace sectors.
Guidance Air Products kept its full-year profit guidance at $12.85 to $13.15 per share, expecting 7 to 9 percent growth. For the next quarter, they said earnings would be $2.95 to $3.10 per share, about 10 to 15 percent higher than last year. The company faces helium weakness but sees pricing gains offsetting that.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
Air Products and Chemicals pays an annual dividend of $7.24 per share, giving it a yield of 2.36%. The dividend payout ratio stands at 75.7%.
Insider Buying and Selling at Air Products and Chemicals, Inc.
Several insiders have sold shares recently. Andrew W. Evans, a Director, sold 5 shares at an average price of $283.20 on April 3, 2025. Victoria Brifo, an Officer, sold 1,359 shares at $292.38 on August 5, 2025. Additionally, L.P. Mantle Ridge, a major shareholder, sold 70,175 shares at $284.21 on February 12, 2026, while CFO Melissa N. Schaeffer sold 2,714 shares at $303.76 on May 1, 2026.
Analysts Set New Price Targets
Analysts have varied opinions on Air Products. On October 13, 2026, Barclays initiated coverage with an Overweight rating and a price target of $353.00. RBC Capital maintained an Outperform rating with a target of $346.00 on October 15, 2026. The current consensus rating is a buy, with a mean price target of $342.55 based on 20 analyst opinions.
About Air Products and Chemicals
Air Products and Chemicals, Inc. provides atmospheric and specialty gases, along with related equipment and services, to various industries worldwide. This position is crucial for Ascent Wealth Partners as they look to strengthen their investment in the specialty chemicals sector.
Bottom Line
Investors should keep an eye on Air Products as it approaches its next earnings report on November 5, 2026. Ascent Wealth Partners' recent boost in stake highlights the firm's confidence in the company's growth potential.
Related Filing Alerts
Source: Ascent Wealth Partners's 13F filing on $APD (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts