Cibc World Market Inc. Has $9.44 Million Stock Position in Air Products and Chemicals, Inc. $APD

Cibc World Market Inc. boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 662.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 32,199 shares of the basic materials company’s stock after purchasing an additional 27,978 shares during the period. Cibc World Market Inc.’s holdings in Air Products and Chemicals were worth $9,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Air Products and Chemicals by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after buying an additional 23,760 shares in the last quarter. S&CO Inc. acquired a new position in Air Products and Chemicals in the 2nd quarter valued at approximately $27,733,000. Castle Rock Wealth Management LLC acquired a new position in Air Products and Chemicals in the 4th quarter valued at approximately $1,649,000. Staley Capital Advisers Inc. lifted its position in shares of Air Products and Chemicals by 108.2% in the 4th quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company’s stock worth $35,579,000 after acquiring an additional 74,868 shares during the period. Finally, Danske Bank A S lifted its position in Air Products and Chemicals by 9.7% in the fourth quarter. Danske Bank A S now owns 127,263 shares of the basic materials company’s stock worth $31,437,000 after purchasing an additional 11,263 shares during the period. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho increased their price target on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Evercore restated 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada lifted their price target on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $332.76.

Air Products and Chemicals Trading Up 0.3%

NYSE:APD opened at $306.14 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The firm has a market capitalization of $68.17 billion, a price-to-earnings ratio of -1,391.54, a PEG ratio of 2.65 and a beta of 0.73. The business’s 50-day moving average price is $296.28 and its two-hundred day moving average price is $291.09.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations 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 was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $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, equities analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s payout ratio is -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.