PFG Advisors Makes New Investment in Air Products and Chemicals, Inc. $APD

PFG Advisors purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,857 shares of the basic materials company’s stock, valued at approximately $1,131,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in APD. Vanguard Group Inc. lifted its stake in Air Products and Chemicals by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 22,304,678 shares of the basic materials company’s stock worth $5,509,702,000 after acquiring an additional 303,944 shares during the period. Capital International Investors increased its position in Air Products and Chemicals by 44.2% during the 4th quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after purchasing an additional 3,922,567 shares during the period. Capital Research Global Investors increased its position in Air Products and Chemicals by 1.2% during the 4th quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company’s stock valued at $2,940,665,000 after purchasing an additional 137,595 shares during the period. State Street Corp raised its holdings in shares of Air Products and Chemicals by 3.7% in the 4th quarter. State Street Corp now owns 9,911,504 shares of the basic materials company’s stock valued at $2,448,340,000 after purchasing an additional 352,012 shares in the last quarter. Finally, Dodge & Cox raised its holdings in shares of Air Products and Chemicals by 2.6% in the 4th quarter. Dodge & Cox now owns 9,236,610 shares of the basic materials company’s stock valued at $2,281,627,000 after purchasing an additional 231,718 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 0.5%

Shares of Air Products and Chemicals stock opened at $305.44 on Friday. The firm’s 50 day moving average price is $292.95 and its 200-day moving average price is $289.17. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The company has a market cap of $68.02 billion, a P/E ratio of -1,388.36, a PEG ratio of 2.64 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. Air Products and Chemicals’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

Wall Street Analyst Weigh In

APD has been the topic of a number of recent research reports. Evercore reiterated an “outperform” rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 10th. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. Citigroup increased their target price on Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. BMO Capital Markets upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target on the stock in a report on Friday, May 1st. Finally, Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. One investment 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 stock. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $332.76.

About Air Products and Chemicals

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.