Dearborn Partners LLC Invests $5.92 Million in Air Products and Chemicals, Inc. $APD

Dearborn Partners LLC purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,179 shares of the basic materials company’s stock, valued at approximately $5,916,000.

A number of other hedge funds have also recently made changes to their positions in APD. BlackRock Inc. bought a new stake in Air Products and Chemicals in the second quarter worth $5,370,093,000. Norges Bank purchased a new stake in Air Products and Chemicals in the 4th quarter worth approximately $1,063,906,000. Bank of America Corp DE bought a new stake in Air Products and Chemicals in the second quarter valued at $1,216,976,000. Capital International Investors increased its position in Air Products and Chemicals by 44.2% during the 4th quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after purchasing an additional 3,922,567 shares during the period. Finally, Viking Global Investors LP bought a new position in Air Products and Chemicals in the 2nd quarter worth $607,601,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on APD shares. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. UBS Group raised their price objective on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Sanford C. Bernstein reaffirmed 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. JPMorgan Chase & Co. increased their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. One 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Trading Down 0.5%

Air Products and Chemicals stock opened at $305.15 on Friday. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The company has a market capitalization of $67.95 billion, a price-to-earnings ratio of -1,387.03, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. The business’s fifty day simple moving average is $297.78 and its two-hundred day simple moving average is $291.53. 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 (NYSE:APD) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. The firm 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%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $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, equities analysts predict that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued 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 2.4%. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

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.