Air Products and Chemicals, Inc. $APD Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,673 shares of the basic materials company’s stock after buying an additional 4,242 shares during the period. Canada Pension Plan Investment Board’s holdings in Air Products and Chemicals were worth $96,947,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in APD. BlackRock Inc. acquired a new position in shares of Air Products and Chemicals in the second quarter worth $5,370,093,000. Capital International Investors raised its stake in shares of Air Products and Chemicals by 44.2% in the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after acquiring an additional 3,922,567 shares in the last quarter. Capital Research Global Investors boosted its holdings in Air Products and Chemicals by 1.2% in the fourth quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company’s stock valued at $2,940,665,000 after purchasing an additional 137,595 shares during the period. State Street Corp grew its stake in Air Products and Chemicals by 3.7% during the 4th quarter. State Street Corp now owns 9,911,504 shares of the basic materials company’s stock worth $2,448,340,000 after purchasing an additional 352,012 shares in the last quarter. Finally, Dodge & Cox grew its stake in Air Products and Chemicals by 2.6% during the 4th quarter. Dodge & Cox now owns 9,236,610 shares of the basic materials company’s stock worth $2,281,627,000 after purchasing an additional 231,718 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 1.1%

APD opened at $307.33 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company has a market cap of $68.44 billion, a P/E ratio of -1,396.95, a PEG ratio of 2.64 and a beta of 0.73. The business’s 50-day simple moving average is $297.27 and its 200-day simple moving average is $291.38.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.13. The firm 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

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 issued a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on APD. UBS Group increased their price target on Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Citigroup upped their target price on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, Evercore reissued an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals 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.