Longfellow Investment Management Co. LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 256.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,411 shares of the basic materials company’s stock after purchasing an additional 6,771 shares during the period. Air Products and Chemicals accounts for 0.5% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 27th largest position. Longfellow Investment Management Co. LLC’s holdings in Air Products and Chemicals were worth $2,325,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC grew its holdings in shares of Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after buying an additional 412 shares during the last quarter. Bison Wealth LLC purchased a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $245,000. Sei Investments Co. grew its holdings in shares of Air Products and Chemicals by 197.6% during the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock valued at $79,498,000 after buying an additional 187,142 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Air Products and Chemicals by 2.1% during the second quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock valued at $29,271,000 after buying an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in shares of Air Products and Chemicals by 52.5% during the second quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock valued at $1,873,000 after buying an additional 2,229 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on APD shares. Wells Fargo & Company increased their price target on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Royal Bank Of Canada raised their target price on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Berenberg Bank set a $350.00 target price on shares of Air Products and Chemicals and gave the stock a “buy” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, May 4th. Finally, UBS Group raised their target price on shares of Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.12.
Insider Activity at Air Products and Chemicals
In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the sale, the chief financial officer directly owned 14,212 shares in the company, valued at $4,317,037.12. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.88% of the stock is owned by insiders.
Air Products and Chemicals Stock Down 0.0%
APD opened at $282.74 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $307.96. The company has a market capitalization of $62.96 billion, a PE ratio of 29.92, a PEG ratio of 2.48 and a beta of 0.74. The firm’s 50 day simple moving average is $293.91 and its two-hundred day simple moving average is $275.38.
Air Products and Chemicals (NYSE:APD – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.14. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm earned $2.69 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 13.2 EPS for the current year.
Air Products and Chemicals Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.61%.
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.
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