Rockland Trust Co. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 7.0% during the second quarter, Holdings Channel.com reports. The fund owned 65,322 shares of the basic materials company’s stock after acquiring an additional 4,279 shares during the quarter. Rockland Trust Co.’s holdings in Air Products and Chemicals were worth $19,151,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of APD. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Air Products and Chemicals by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after acquiring an additional 23,760 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Air Products and Chemicals by 4.9% in the 4th quarter. Assetmark Inc. now owns 135,947 shares of the basic materials company’s stock worth $33,582,000 after acquiring an additional 6,342 shares during the last quarter. Castle Rock Wealth Management LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $1,649,000. Cardinal Capital Management Inc. lifted its holdings in shares of Air Products and Chemicals by 3.4% during the fourth quarter. Cardinal Capital Management Inc. now owns 124,278 shares of the basic materials company’s stock valued at $30,699,000 after purchasing an additional 4,045 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Air Products and Chemicals by 22.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,511 shares of the basic materials company’s stock valued at $10,007,000 after purchasing an additional 7,485 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on APD shares. Evercore reissued an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. Bank of America upped their price objective on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday. Sanford C. Bernstein reissued an “outperform” rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Finally, BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target on the stock in a report on Friday, May 1st. One research 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. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $332.76.
Air Products and Chemicals Stock Performance
Shares of NYSE APD opened at $303.35 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The business’s 50-day moving average price is $290.90 and its two-hundred day moving average price is $287.76. The company has a market capitalization of $67.55 billion, a P/E ratio of -1,378.84, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73.
Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its quarterly earnings results 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 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 business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $3.09 EPS. 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. Analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.
Air Products and Chemicals Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s payout ratio is -3,290.91%.
About Air Products and Chemicals
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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