Handelsbanken Fonder AB Purchases 4,986 Shares of Air Products and Chemicals, Inc. $APD

Handelsbanken Fonder AB increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,749 shares of the basic materials company’s stock after acquiring an additional 4,986 shares during the period. Handelsbanken Fonder AB’s holdings in Air Products and Chemicals were worth $28,365,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of research firms have issued reports on APD. Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Berenberg Bank set a $350.00 target price on shares of Air Products and Chemicals and gave the stock a “buy” rating in a report on Monday, April 20th. Mizuho raised their price target on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. One equities research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $309.34 on Wednesday. The business’s 50-day moving average price is $292.08 and its 200-day moving average price is $288.57. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The firm has a market capitalization of $68.89 billion, a price-to-earnings ratio of -1,406.10, a PEG ratio of 2.68 and a beta of 0.73. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

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 (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.09 earnings per share. 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 research analysts forecast that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is -3,290.91%.

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.