Air Products and Chemicals, Inc. $APD Stock Purchased by Versant Capital Management Inc

Versant Capital Management Inc boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 277.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,216 shares of the basic materials company’s stock after acquiring an additional 3,833 shares during the period. Versant Capital Management Inc’s holdings in Air Products and Chemicals were worth $1,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Stonebridge Financial Group LLC raised its position in shares of Air Products and Chemicals by 3.2% during the 3rd quarter. Stonebridge Financial Group LLC now owns 17,229 shares of the basic materials company’s stock worth $4,794,000 after purchasing an additional 531 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Air Products and Chemicals by 1,378.1% in the 2nd quarter. QRG Capital Management Inc. now owns 111,479 shares of the basic materials company’s stock valued at $30,502,000 after buying an additional 103,937 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Air Products and Chemicals by 1,846.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 84,945 shares of the basic materials company’s stock valued at $23,203,000 after buying an additional 80,580 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Air Products and Chemicals by 326.7% during 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 buying an additional 2,563,873 shares in the last quarter. Finally, State Street Corp increased its position 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 worth $10,597,451,000 after buying an additional 28,050,956 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.8%

NYSE APD opened at $273.30 on Friday. The company has a market cap of $60.86 billion, a P/E ratio of -1,242.29, a P/E/G ratio of 2.80 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. 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 company has a 50-day moving average of $296.28 and a 200-day moving average of $293.43.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the company earned $3.09 earnings per share. The company’s quarterly 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 analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Analysts Set New Price Targets

APD has been the topic of several recent research reports. Evercore restated an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 10th. KeyCorp started coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They set a “sector weight” rating on the stock. Citigroup lifted their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. UBS Group upped their price objective on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $336.62.

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.