Grandfield & Dodd LLC Takes Position in Air Products and Chemicals, Inc. $APD

Posted by Geri Gentry on Aug 18th, 2026

Grandfield & Dodd LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 109,460 shares of the basic materials company’s stock, valued at approximately $32,092,000. Air Products and Chemicals makes up about 1.7% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also made changes to their positions in the stock. MidFirst Bank purchased a new position in Air Products and Chemicals during the second quarter valued at approximately $2,224,000. BlackRock Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $5,370,093,000. Pallas Capital Advisors LLC purchased a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $1,236,000. Deutsche Bank AG acquired a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $145,772,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $303,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 2.7%

Shares of NYSE:APD opened at $300.68 on Tuesday. The stock has a market capitalization of $66.96 billion, a PE ratio of -1,366.73, a P/E/G ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The firm has a fifty day moving average price of $293.96 and a 200 day moving average price of $289.79. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates 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 revenue was up 4.6% compared to the same quarter last year. During the same period last 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. Analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is -3,290.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on APD. UBS Group upped their price target on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Evercore restated an “outperform” rating and issued a $342.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 10th. Wells Fargo & Company upped their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Berenberg Bank set a $350.00 price target on Air Products and Chemicals and gave the company a “buy” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.76.

View Our Latest Analysis on Air Products and Chemicals

About Air Products and Chemicals

(Free Report)

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.