Reynders McVeigh Capital Management LLC Buys 13,268 Shares of Air Products and Chemicals, Inc. $APD

Reynders McVeigh Capital Management LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 552.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,668 shares of the basic materials company’s stock after purchasing an additional 13,268 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Air Products and Chemicals were worth $4,315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APD. U S Wealth Group LLC. lifted its position in Air Products and Chemicals by 19.1% during the 2nd quarter. U S Wealth Group LLC. now owns 10,057 shares of the basic materials company’s stock worth $2,949,000 after buying an additional 1,613 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of Air Products and Chemicals by 5.7% in the second quarter. Cidel Asset Management Inc. now owns 1,471 shares of the basic materials company’s stock worth $431,000 after acquiring an additional 79 shares during the last quarter. Capital Analysts LLC raised its stake in shares of Air Products and Chemicals by 3.1% in the second quarter. Capital Analysts LLC now owns 51,717 shares of the basic materials company’s stock worth $15,162,000 after acquiring an additional 1,532 shares during the last quarter. NorthRock Partners LLC lifted its position in shares of Air Products and Chemicals by 2.1% during the second quarter. NorthRock Partners LLC now owns 3,384 shares of the basic materials company’s stock worth $992,000 after purchasing an additional 68 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Air Products and Chemicals by 6.8% during the second quarter. Integrated Wealth Concepts LLC now owns 5,916 shares of the basic materials company’s stock worth $1,734,000 after purchasing an additional 379 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Trading Up 1.1%

APD traded up $3.30 during trading on Tuesday, reaching $290.43. 994,584 shares of the company’s stock were exchanged, compared to its average volume of 1,286,944. The company’s fifty day moving average price is $300.10 and its 200-day moving average price is $292.94. 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 fifty-two week low of $229.11 and a fifty-two week high of $314.87. The firm has a market capitalization of $64.68 billion, a PE ratio of -1,320.13, a P/E/G ratio of 2.94 and a beta of 0.75.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the business posted $3.09 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. 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 analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on APD. Citigroup raised their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Wells Fargo & Company increased 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. Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Argus upped their price target on Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Finally, Mizuho raised their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $336.53.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.