PFG Advisors bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,857 shares of the basic materials company’s stock, valued at approximately $1,131,000.
A number of other institutional investors have also recently made changes to their positions in APD. Aaron Wealth Advisors LLC increased its stake in Air Products and Chemicals by 67.3% during the second quarter. Aaron Wealth Advisors LLC now owns 1,914 shares of the basic materials company’s stock worth $561,000 after acquiring an additional 770 shares during the last quarter. MBL Wealth LLC purchased a new position in shares of Air Products and Chemicals in the 2nd quarter worth approximately $240,000. Cascade Investment Advisors Inc. increased its position in shares of Air Products and Chemicals by 5.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 4,294 shares of the basic materials company’s stock valued at $1,259,000 after purchasing an additional 210 shares during the last quarter. Prospera Financial Services Inc raised its holdings in Air Products and Chemicals by 1.4% during the 2nd quarter. Prospera Financial Services Inc now owns 11,290 shares of the basic materials company’s stock valued at $3,311,000 after buying an additional 153 shares during the period. Finally, Independent Financial Group LLC purchased a new stake in Air Products and Chemicals during the 2nd quarter valued at $265,000. Institutional investors own 81.66% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on APD shares. UBS Group lifted their price objective 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. BMO Capital Markets raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Berenberg Bank set a $350.00 target price on Air Products and Chemicals and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $332.76.
Air Products and Chemicals Stock Up 0.5%
Shares of APD opened at $305.44 on Friday. The firm has a fifty day moving average price of $292.95 and a 200-day moving average price of $289.17. 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 firm has a market capitalization of $68.02 billion, a P/E ratio of -1,388.36, a P/E/G ratio of 2.64 and a beta of 0.73. 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 posted its quarterly 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 company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm posted $3.09 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. 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. Equities research analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.
Air Products and Chemicals Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is -3,290.91%.
Air Products and Chemicals Company 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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