2,667 Shares in Air Products and Chemicals, Inc. $APD Bought by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,667 shares of the basic materials company’s stock, valued at approximately $814,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of 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 acquiring an additional 23,760 shares during the last quarter. Castle Rock Wealth Management LLC bought a new stake in Air Products and Chemicals in the 4th quarter valued at $1,649,000. S&CO Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter worth $27,733,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Air Products and Chemicals by 22.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,511 shares of the basic materials company’s stock valued at $10,007,000 after purchasing an additional 7,485 shares during the last quarter. Finally, Staley Capital Advisers Inc. grew its position in shares of Air Products and Chemicals by 108.2% during the fourth quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company’s stock valued at $35,579,000 after purchasing an additional 74,868 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on APD shares. JPMorgan Chase & Co. boosted 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. UBS Group lifted their price objective on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. BMO Capital Markets raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, Citigroup upped their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.76.

Air Products and Chemicals Trading Down 2.7%

Shares of NYSE APD opened at $300.68 on Tuesday. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The business’s 50 day moving average is $293.96 and its two-hundred day moving average is $289.79. The stock has a market capitalization of $66.96 billion, a P/E ratio of -1,366.73, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The firm 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%.The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Dividend Announcement

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