Greenfield Savings Bank increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 157.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,980 shares of the basic materials company’s stock after purchasing an additional 3,655 shares during the quarter. Greenfield Savings Bank’s holdings in Air Products and Chemicals were worth $1,642,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. S&CO Inc. acquired a new stake in shares of Air Products and Chemicals during the second quarter worth approximately $27,733,000. Neville Rodie & Shaw Inc. boosted its holdings in shares of Air Products and Chemicals by 1,457.1% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock worth $7,851,000 after acquiring an additional 26,956 shares in the last quarter. Park National Corp OH boosted its holdings in shares of Air Products and Chemicals by 66.7% in the 3rd quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock worth $6,761,000 after acquiring an additional 9,817 shares in the last quarter. NewEdge Advisors LLC grew its position in Air Products and Chemicals by 26.7% during the 1st quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock worth $16,573,000 after acquiring an additional 12,020 shares during the last quarter. Finally, Rockland Trust Co. grew its position in Air Products and Chemicals by 7.0% during the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock worth $19,151,000 after acquiring an additional 4,279 shares during the last quarter. 81.66% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have issued reports on APD shares. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Evercore restated an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Citigroup cut their price target on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, UBS Group reduced their price target on shares of Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.56.
Air Products and Chemicals Trading Down 1.1%
Shares of NYSE APD traded down $3.09 during mid-day trading on Wednesday, hitting $277.91. The company’s stock had a trading volume of 948,429 shares, compared to its average volume of 1,287,796. The company’s fifty day simple moving average is $295.36 and its 200-day simple moving average is $293.30. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The stock has a market cap of $61.89 billion, a price-to-earnings ratio of -1,263.21, a price-to-earnings-growth ratio of 2.63 and a beta of 0.76.
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 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations 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%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.09 EPS. 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 earnings per share for the current fiscal year.
Air Products and Chemicals Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.
Air Products and Chemicals Company Profile
Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.
Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.
Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.
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