Haverford Trust Co reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,540 shares of the basic materials company’s stock after selling 34,543 shares during the quarter. Haverford Trust Co owned about 0.13% of Air Products and Chemicals worth $86,060,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Cary Street Partners Financial LLC grew its stake in Air Products and Chemicals by 2.2% during the 4th quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock worth $399,000 after buying an additional 35 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Air Products and Chemicals by 0.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock valued at $1,147,000 after purchasing an additional 35 shares during the last quarter. Revisor Wealth Management LLC grew its position in Air Products and Chemicals by 0.8% during the 1st quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock worth $1,320,000 after purchasing an additional 36 shares during the last quarter. StoneX Group Inc. raised its holdings in shares of Air Products and Chemicals by 1.3% in the fourth quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock valued at $688,000 after buying an additional 36 shares during the last quarter. Finally, CYBER HORNET ETFs LLC grew its holdings in shares of Air Products and Chemicals by 6.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock worth $159,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on APD. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Wells Fargo & Company increased their price objective 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. UBS Group increased their price target on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. 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 company’s stock. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target of $332.76.
Air Products and Chemicals Stock Performance
Shares of NYSE APD opened at $305.55 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. The company has a market cap of $68.04 billion, a PE ratio of -1,388.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.73. The company has a 50-day simple moving average of $295.82 and a 200-day simple moving average of $290.75. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87.
Air Products and Chemicals (NYSE:APD – Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company earned $3.09 EPS. Air Products and Chemicals’s revenue for the quarter was up 4.6% on a year-over-year basis. 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. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.
Air Products and Chemicals Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is -3,290.91%.
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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