TD Waterhouse Canada Inc. lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 1,407.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,924 shares of the basic materials company’s stock after acquiring an additional 123,171 shares during the period. TD Waterhouse Canada Inc.’s holdings in Air Products and Chemicals were worth $35,960,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised 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 valued at $10,597,451,000 after buying an additional 28,050,956 shares during the last quarter. BlackRock Inc. purchased a new position in Air Products and Chemicals during the 2nd quarter worth $5,370,093,000. Bank of America Corp DE purchased a new position in Air Products and Chemicals during the 2nd quarter worth $1,216,976,000. Envestnet Asset Management Inc. boosted its holdings in 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 worth $927,010,000 after acquiring an additional 2,563,873 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Air Products and Chemicals in the 2nd quarter worth $495,201,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
Analyst Upgrades and Downgrades
APD has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. UBS Group cut 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 report on Monday, October 5th. Royal Bank Of Canada reduced their price objective on shares of Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, KeyCorp started coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Two equities 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’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus target price of $333.88.
Get Our Latest Research Report on Air Products and Chemicals
Air Products and Chemicals Stock Up 0.9%
APD stock opened at $299.19 on Friday. The stock has a market cap of $66.63 billion, a P/E ratio of -1,359.98, a P/E/G ratio of 2.82 and a beta of 0.76. 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’s fifty day simple moving average is $293.80 and its two-hundred day simple moving average is $293.28. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87.
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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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 period last year, the firm 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. Analysts expect that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.
Air Products and Chemicals Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors 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 annualized dividend and a yield of 2.4%. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.
About Air Products and Chemicals
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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