Texas Capital Bank Wealth Management Services Inc Buys Shares of 2,035 Air Products and Chemicals, Inc. $APD

Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,035 shares of the basic materials company’s stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APD. Lloyd Advisory Services LLC. acquired a new position in shares of Air Products and Chemicals in the fourth quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals in the 1st quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $25,000. Finally, Motiv8 Investments LLC purchased a new stake in Air Products and Chemicals during the 4th quarter valued at about $26,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Down 2.7%

APD stock opened at $300.68 on Tuesday. The company’s 50 day moving average price is $293.96 and its 200 day moving average price is $289.79. The firm has a market capitalization of $66.96 billion, a price-to-earnings ratio of -1,366.73, a PEG ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping 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 business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the company earned $3.09 EPS. The business’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. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

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 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 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is -3,290.91%.

Analysts Set New Price Targets

A number of brokerages recently commented on APD. Citigroup lifted their price objective on Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Royal Bank Of Canada lifted their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Weiss Ratings downgraded Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Bank of America boosted their price objective on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. One investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.