Air Products and Chemicals, Inc. $APD Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 45.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,375 shares of the basic materials company’s stock after acquiring an additional 1,981 shares during the period. Radnor Capital Management LLC’s holdings in Air Products and Chemicals were worth $1,774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its stake in Air Products and Chemicals by 277.4% during the 2nd 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. purchased a new stake in Air Products and Chemicals during the 2nd quarter worth about $5,370,093,000. Bank of America Corp DE acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at about $1,216,976,000. Envestnet Asset Management Inc. raised its position in Air Products and Chemicals by 326.7% in 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, Bank of New York Mellon Corp purchased a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $495,201,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Down 0.3%

Air Products and Chemicals stock opened at $307.28 on Friday. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year 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 cap of $68.43 billion, a PE ratio of -1,396.72, a P/E/G ratio of 2.89 and a beta of 0.76. The stock’s fifty day moving average is $293.49 and its two-hundred day moving average is $293.71.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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%. Air Products and Chemicals’s revenue for the quarter was up 4.6% on a year-over-year basis. 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. On average, sell-side analysts expect that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Monday, January 4th will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, January 4th. Air Products and Chemicals’s dividend payout ratio (DPR) is -3,290.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on APD shares. Sanford C. Bernstein reissued an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. UBS Group reduced their target price on shares of 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. Citigroup reduced their target price on shares of Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Evercore reiterated an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. Finally, Royal Bank Of Canada lowered their price target on shares of Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $333.88.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.