Mystic Asset Management Inc. Acquires 2,360 Shares of Air Products and Chemicals, Inc. $APD

Mystic Asset Management Inc. raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 133.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,122 shares of the basic materials company’s stock after buying an additional 2,360 shares during the quarter. Mystic Asset Management Inc.’s holdings in Air Products and Chemicals were worth $1,132,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of APD. State Street Corp grew its position in 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 acquiring an additional 28,050,956 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Air Products and Chemicals during the 2nd quarter worth $5,370,093,000. Bank of America Corp DE raised its holdings in shares of Air Products and Chemicals by 14.3% during the 1st 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. raised its holdings in shares of Air Products and Chemicals by 326.7% during the 2nd 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 lifted its stake in shares of 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 purchasing an additional 14,262 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays began coverage on shares of Air Products and Chemicals in a research note on Monday. They issued an “overweight” rating and a $353.00 price objective for the company. Argus boosted their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. Royal Bank Of Canada lowered their price target on Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $333.88.

Air Products and Chemicals Stock Performance

Shares of NYSE APD traded up $2.85 during mid-day trading on Thursday, hitting $295.38. The company had a trading volume of 283,493 shares, compared to its average volume of 1,270,838. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The firm has a market cap of $65.78 billion, a P/E ratio of -1,342.65, a PEG ratio of 2.72 and a beta of 0.76. The business’s 50-day simple moving average is $293.95 and its 200-day simple moving average is $293.21. 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 issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates 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 company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $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, analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. 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 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.