Air Products and Chemicals, Inc. $APD Shares Bought by Patrick Mauro Investment Advisor INC.

Patrick Mauro Investment Advisor INC. grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 94.5% during the 2nd quarter, Holdings Channel reports. The fund owned 13,882 shares of the basic materials company’s stock after buying an additional 6,745 shares during the quarter. Air Products and Chemicals comprises about 2.0% of Patrick Mauro Investment Advisor INC.’s holdings, making the stock its 18th biggest position. Patrick Mauro Investment Advisor INC.’s holdings in Air Products and Chemicals were worth $4,070,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in APD. Lloyd Advisory Services LLC. purchased a new stake in Air Products and Chemicals in the 4th quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in Air Products and Chemicals in the first quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth $25,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth $25,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth $26,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

NYSE APD opened at $303.18 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The business has a fifty day moving average of $294.91 and a 200-day moving average of $290.45. The stock has a market cap of $67.51 billion, a price-to-earnings ratio of -1,378.09, a price-to-earnings-growth ratio of 2.63 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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 negative net margin of 0.38% and a positive return on equity of 16.87%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the business posted $3.09 earnings per share. The company’s 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, 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 business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date of this dividend 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 (DPR) is currently -3,290.91%.

Analyst Ratings Changes

Several analysts recently commented on the stock. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research note on Friday, May 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $373.00 target price on shares of Air Products and Chemicals in a report on Friday, July 31st. UBS Group raised their price objective on Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Mizuho lifted their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company boosted their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research 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 company’s stock. According to MarketBeat, Air Products and Chemicals 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.