3,062 Air Products and Chemicals, Inc. $APD Shares Bought by Peoples Bank KS

Peoples Bank KS lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 286.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,132 shares of the basic materials company’s stock after buying an additional 3,062 shares during the quarter. Peoples Bank KS’s holdings in Air Products and Chemicals were worth $1,131,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in APD. State Street Corp grew its stake in 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 valued at $10,597,451,000 after acquiring an additional 28,050,956 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at about $5,370,093,000. Bank of America Corp DE increased its position in shares of Air Products and Chemicals by 14.3% in the first quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock worth $1,290,801,000 after purchasing an additional 556,188 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock valued at $927,010,000 after purchasing an additional 2,563,873 shares in the last quarter. Finally, Aristotle Capital Management LLC grew its stake in Air Products and Chemicals by 0.5% in the 1st quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock worth $779,665,000 after buying an additional 14,262 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on APD shares. Mizuho lifted 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 report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. UBS Group cut their price objective on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, KeyCorp started coverage on Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus target price of $333.56.

Air Products and Chemicals Trading Up 1.1%

APD traded up $3.09 on Friday, hitting $281.47. 718,839 shares of the company were exchanged, compared to its average volume of 1,282,564. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The firm has a fifty day simple moving average of $294.30 and a two-hundred day simple moving average of $293.14. The stock has a market capitalization of $62.68 billion, a PE ratio of -1,279.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.76. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm posted $3.09 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. 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. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders 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 dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is -3,290.91%.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.