Mediolanum International Funds Ltd Purchases 2,760 Shares of Air Products and Chemicals, Inc. $APD

Mediolanum International Funds Ltd lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 98.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,552 shares of the basic materials company’s stock after buying an additional 2,760 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Air Products and Chemicals were worth $1,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. boosted its position in Air Products and Chemicals by 3,233.3% during the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 97 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Air Products and Chemicals in the 4th quarter worth about $25,000. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals in the 1st quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $25,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.1%

APD stock opened at $296.36 on Wednesday. The stock’s 50 day simple moving average is $289.49 and its 200 day simple moving average is $284.69. The company has a market cap of $65.99 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $0.14. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 earnings per share. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. On average, research analysts expect that Air Products and Chemicals, Inc. will post 13.22 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on APD shares. Berenberg Bank set a $350.00 target price on Air Products and Chemicals and gave the stock a “buy” rating in a report on Monday, April 20th. UBS Group increased their price target on Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Morgan Stanley lifted their price objective on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Evercore reiterated an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 10th. Finally, Mizuho set a $345.00 price target on shares of Air Products and Chemicals in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.88.

Insider Buying and Selling

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the completion of the sale, the chief financial officer owned 14,212 shares in the company, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.88% of the company’s stock.

Air Products and Chemicals Company 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.