Man Group plc increased its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,746 shares of the basic materials company’s stock after purchasing an additional 3,046 shares during the quarter. Man Group plc’s holdings in Air Products and Chemicals were worth $9,307,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals in the first quarter worth about $25,000. Fiduciary Financial Advisors bought a new position in shares of Air Products and Chemicals during the 2nd quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its holdings in Air Products and Chemicals by 318.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 70 shares in the last quarter. Main Street Group LTD purchased a new stake in Air Products and Chemicals in the 1st quarter worth approximately $27,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Air Products and Chemicals during the 4th quarter worth approximately $25,000. Institutional investors own 81.66% of the company’s stock.
Wall Street Analysts Forecast Growth
APD has been the subject of a number of recent analyst reports. Mizuho upped their price target on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada increased their price target on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. One 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $332.76.
Air Products and Chemicals Trading Up 0.9%
Air Products and Chemicals stock opened at $308.27 on Friday. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The firm’s 50 day moving average price is $298.34 and its 200-day moving average price is $291.65. 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 stock has a market cap of $68.65 billion, a P/E ratio of -1,401.23, a PEG ratio of 2.65 and a beta of 0.73.
Air Products and Chemicals (NYSE:APD – Get Free Report) last issued its 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 firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. Air Products and Chemicals’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business 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, equities analysts predict 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 company also recently disclosed 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 is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -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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