2,269 Shares in Air Products and Chemicals, Inc. $APD Bought by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,269 shares of the basic materials company’s stock, valued at approximately $620,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APD. 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 valued at $10,597,451,000 after purchasing an additional 28,050,956 shares during the period. BlackRock Inc. bought a new stake in Air Products and Chemicals during the second quarter worth approximately $5,370,093,000. Bank of America Corp DE lifted its position in 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 period. Envestnet Asset Management Inc. lifted its position 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 worth $927,010,000 after purchasing an additional 2,563,873 shares during the period. Finally, Aristotle Capital Management LLC boosted its stake in Air Products and Chemicals by 0.5% during the 1st quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock valued at $779,665,000 after purchasing an additional 14,262 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on APD. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research note on Monday, August 3rd. Mizuho raised their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. UBS Group lowered their price objective on shares of Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Royal Bank Of Canada raised their target price on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Citigroup reduced their target price on shares of Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $334.71.

Air Products and Chemicals Stock Up 1.2%

APD stock opened at $292.42 on Thursday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The company’s 50 day simple moving average is $293.95 and its 200-day simple moving average is $293.21. 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 firm has a market capitalization of $65.12 billion, a P/E ratio of -1,329.18, a P/E/G ratio of 2.72 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business posted $3.09 EPS. The company’s 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. As a group, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

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

Air Products and Chemicals Company Profile

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.