Vista Investment Partners LLC grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 86.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,270 shares of the basic materials company’s stock after buying an additional 4,310 shares during the quarter. Vista Investment Partners LLC’s holdings in Air Products and Chemicals were worth $2,553,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in APD. S&CO Inc. bought a new position in shares of Air Products and Chemicals in the second quarter worth approximately $27,733,000. Neville Rodie & Shaw Inc. increased its position in shares of Air Products and Chemicals by 1,457.1% during the third quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock valued at $7,851,000 after acquiring an additional 26,956 shares in the last quarter. Park National Corp OH raised its holdings in Air Products and Chemicals by 66.7% in the 3rd quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock worth $6,761,000 after acquiring an additional 9,817 shares during the last quarter. NewEdge Advisors LLC lifted its position in Air Products and Chemicals by 26.7% in the 1st quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock valued at $16,573,000 after acquiring an additional 12,020 shares in the last quarter. Finally, Rockland Trust Co. lifted its position in Air Products and Chemicals by 7.0% in the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock valued at $19,151,000 after acquiring an additional 4,279 shares in the last quarter. 81.66% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on APD. Citigroup decreased their price target on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Royal Bank Of Canada boosted their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a report on Friday, July 10th. Finally, KeyCorp started coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $333.56.
Air Products and Chemicals Stock Performance
Shares of APD stock traded up $0.26 on Thursday, reaching $278.38. The stock had a trading volume of 271,406 shares, compared to its average volume of 1,282,460. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The stock has a market cap of $61.99 billion, a P/E ratio of -1,265.36, a price-to-earnings-growth ratio of 2.64 and a beta of 0.76. The company has a 50 day simple moving average of $295.02 and a 200 day simple moving average of $293.25.
Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 16.87% and a negative net margin of 0.38%.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 business 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. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -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.
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