Nykredit A S acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 85,554 shares of the basic materials company’s stock, valued at approximately $25,083,000.
Other large investors also recently made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new position in Air Products and Chemicals during the fourth quarter worth $25,000. Evolution Wealth Management Inc. acquired a new stake in Air Products and Chemicals in the first quarter valued at $25,000. Fiduciary Financial Advisors bought a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $25,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on APD shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. Evercore restated an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 10th. Royal Bank Of Canada raised their price objective on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. UBS Group lifted their target price on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. 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. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $332.76.
Air Products and Chemicals Stock Down 1.6%
APD stock opened at $304.39 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a market capitalization of $67.78 billion, a price-to-earnings ratio of -1,383.59, a PEG ratio of 3.12 and a beta of 0.75. The business’s fifty day moving average price is $300.45 and its two-hundred day moving average price is $292.20.
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 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 company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the business posted $3.09 earnings per share. Air Products and Chemicals’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. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.
Air Products and Chemicals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.
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.
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