7,084 Shares of Air Products and Chemicals, Inc. $APD Acquired by NBT Bank N.A.

NBT Bank N.A. purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,084 shares of the basic materials company’s stock, valued at approximately $1,971,000.

A number of other large investors also recently bought and sold shares of the stock. State Street Corp boosted its position in Air Products and Chemicals by 277.4% in the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock worth $10,597,451,000 after purchasing an additional 28,050,956 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $5,370,093,000. Bank of America Corp DE increased its holdings in shares of Air Products and Chemicals by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock valued at $1,290,801,000 after purchasing an additional 556,188 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Air Products and Chemicals by 326.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock valued at $927,010,000 after purchasing an additional 2,563,873 shares in the last quarter. Finally, Aristotle Capital Management LLC increased its holdings in shares of Air Products and Chemicals by 0.5% during the 1st quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock valued at $779,665,000 after purchasing an additional 14,262 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 1.7%

APD stock opened at $307.79 on Friday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The business’s 50-day moving average is $293.53 and its 200 day moving average is $293.61. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of -1,399.06, a PEG ratio of 2.85 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm 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. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Monday, January 4th will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, January 4th. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Argus lifted their price objective on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Wells Fargo & Company upped their price objective on shares of 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. Finally, Mizuho increased their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $333.88.

View Our Latest Stock Report on Air Products and Chemicals

Air Products and Chemicals Company Profile

(Free Report)

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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