HBK Sorce Advisory LLC Buys New Position in Air Products and Chemicals, Inc. $APD

HBK Sorce Advisory LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,686 shares of the basic materials company’s stock, valued at approximately $1,088,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Abbot Financial Management Inc. acquired a new position in Air Products and Chemicals in the second quarter valued at approximately $542,000. Tulsa Wealth Advisors INC acquired a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $4,496,000. Flputnam Investment Management Co. bought a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at $9,555,000. Global Retirement Partners LLC bought a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at $2,653,000. Finally, 1ST Source Bank acquired a new position in shares of Air Products and Chemicals during the 2nd quarter valued at $2,142,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $308.86 on Monday. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average price of $293.47 and a 200-day moving average price of $289.49. The company has a market cap of $68.78 billion, a PE ratio of -1,403.92, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the firm earned $3.09 earnings per share. Air Products and Chemicals’s quarterly revenue was up 4.6% on a year-over-year basis. 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. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.3%. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on APD shares. Evercore reissued an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Royal Bank Of Canada increased their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company boosted their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued 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 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.