Grandfield & Dodd LLC Makes New $32.09 Million Investment in Air Products and Chemicals, Inc. $APD

Grandfield & Dodd LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 109,460 shares of the basic materials company’s stock, valued at approximately $32,092,000. Air Products and Chemicals comprises 1.7% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Air Products and Chemicals by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 22,304,678 shares of the basic materials company’s stock valued at $5,509,702,000 after buying an additional 303,944 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $5,370,093,000. Capital International Investors grew its stake in shares of Air Products and Chemicals by 44.2% in the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock worth $3,160,023,000 after acquiring an additional 3,922,567 shares during the last quarter. Capital Research Global Investors increased its position in Air Products and Chemicals by 1.2% during the fourth quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company’s stock worth $2,940,665,000 after acquiring an additional 137,595 shares during the period. Finally, State Street Corp raised its stake in Air Products and Chemicals by 3.7% during 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 during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 2.7%

Shares of APD stock opened at $300.68 on Tuesday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The company has a market capitalization of $66.96 billion, a P/E ratio of -1,366.73, a P/E/G ratio of 2.68 and a beta of 0.73. The firm has a 50-day moving average price of $293.96 and a 200 day moving average price of $289.79. 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 (NYSE:APD) last issued its quarterly earnings data 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. The firm had revenue of $3.16 billion for 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%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts forecast that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on APD. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price for the company in a research note on Friday, May 1st. UBS Group lifted their target price on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 31st. Finally, Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given 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 Company 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.