Pacific Heights Asset Management LLC Invests $29.32 Million in Air Products and Chemicals, Inc. $APD

Pacific Heights Asset Management LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the basic materials company’s stock, valued at approximately $29,318,000.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Air Products and Chemicals in the 2nd quarter valued at $5,370,093,000. Capital International Investors grew its holdings in shares of 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 worth $3,160,023,000 after purchasing an additional 3,922,567 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Air Products and Chemicals by 1.2% during the 4th quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company’s stock worth $2,940,665,000 after purchasing an additional 137,595 shares in the last quarter. State Street Corp increased its position in shares of Air Products and Chemicals by 3.7% in the fourth quarter. State Street Corp now owns 9,911,504 shares of the basic materials company’s stock worth $2,448,340,000 after purchasing an additional 352,012 shares during the period. Finally, Dodge & Cox increased its position in shares of Air Products and Chemicals by 2.6% in the fourth quarter. Dodge & Cox now owns 9,236,610 shares of the basic materials company’s stock worth $2,281,627,000 after purchasing an additional 231,718 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $305.15 on Friday. The stock’s 50-day simple moving average is $297.78 and its 200 day simple moving average is $291.53. The firm has a market capitalization of $67.95 billion, a PE ratio of -1,387.03, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The firm had revenue of $3.16 billion for 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%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on APD shares. Mizuho upped their price objective 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. BMO Capital Markets raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a report on Friday, May 1st. Citigroup boosted their target price on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. UBS Group upped their price target 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. Finally, Wells Fargo & Company lifted their price objective 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. One equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $332.76.

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.