Air Products and Chemicals, Inc. $APD Position Raised by First Financial Corp IN

First Financial Corp IN grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 20,190.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,029 shares of the basic materials company’s stock after acquiring an additional 2,019 shares during the quarter. First Financial Corp IN’s holdings in Air Products and Chemicals were worth $552,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APD. State Street Corp lifted its position in shares of Air Products and Chemicals by 277.4% in the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock worth $10,597,451,000 after purchasing an additional 28,050,956 shares in the last quarter. BlackRock Inc. acquired a new position in Air Products and Chemicals during the second quarter worth $5,370,093,000. Bank of America Corp DE grew its position in Air Products and Chemicals by 14.3% in the first quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock valued at $1,290,801,000 after purchasing an additional 556,188 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock valued at $927,010,000 after purchasing an additional 2,563,873 shares in the last quarter. Finally, Aristotle Capital Management LLC increased its stake in Air Products and Chemicals by 0.5% in the 1st quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock valued at $779,665,000 after buying an additional 14,262 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

APD stock traded up $5.25 during trading hours on Tuesday, reaching $289.12. The stock had a trading volume of 891,364 shares, compared to its average volume of 1,277,052. The stock has a 50-day simple moving average of $294.01 and a 200 day simple moving average of $293.22. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The stock has a market capitalization of $64.38 billion, a PE ratio of -1,314.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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 company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. Air Products and Chemicals’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $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 predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal 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 paid a $1.81 dividend. The ex-dividend date 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 currently -3,290.91%.

Wall Street Analyst Weigh In

APD has been the topic of several analyst reports. Citigroup cut their price target on shares of Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a report on Monday, August 3rd. Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Argus lifted their target price on Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Finally, UBS Group dropped their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $334.71.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.