Envestnet Portfolio Solutions Inc. Buys 80,580 Shares of Air Products and Chemicals, Inc. $APD

Envestnet Portfolio Solutions Inc. grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1,846.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,945 shares of the basic materials company’s stock after purchasing an additional 80,580 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Air Products and Chemicals were worth $23,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of Air Products and Chemicals by 326.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock worth $927,010,000 after buying an additional 2,563,873 shares during the last quarter. State Street Corp increased its holdings in shares of Air Products and Chemicals by 277.4% during the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock worth $10,597,451,000 after buying an additional 28,050,956 shares in the last quarter. Anchor Investment Management LLC lifted its stake in shares of Air Products and Chemicals by 1,768.1% in the 2nd quarter. Anchor Investment Management LLC now owns 47,039 shares of the basic materials company’s stock valued at $12,847,000 after acquiring an additional 44,521 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its stake in shares of Air Products and Chemicals by 552.8% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 15,668 shares of the basic materials company’s stock valued at $4,315,000 after acquiring an additional 13,268 shares during the last quarter. Finally, U S Wealth Group LLC. boosted its holdings in shares of Air Products and Chemicals by 19.1% during the 2nd quarter. U S Wealth Group LLC. now owns 10,057 shares of the basic materials company’s stock valued at $2,949,000 after acquiring an additional 1,613 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 0.4%

Shares of Air Products and Chemicals stock traded down $1.09 during midday trading on Wednesday, reaching $286.77. The company had a trading volume of 922,868 shares, compared to its average volume of 1,300,883. The stock has a fifty day moving average price of $298.45 and a 200 day moving average price of $293.36. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The firm has a market cap of $63.86 billion, a PE ratio of -1,303.51, a P/E/G ratio of 2.82 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

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 for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 anticipate that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Evercore restated an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, Argus lifted their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. One equities research analyst has 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, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $336.53.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.