Air Products and Chemicals, Inc. $APD Shares Newly Bought by NBT Bank N.A.

NBT Bank N.A. purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,084 shares of the basic materials company’s stock, valued at approximately $1,971,000.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its holdings in Air Products and Chemicals by 277.4% in the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock valued at $10,597,451,000 after acquiring an additional 28,050,956 shares during the last quarter. BlackRock Inc. purchased a new position in Air Products and Chemicals in the 2nd quarter worth approximately $5,370,093,000. Bank of America Corp DE boosted its holdings in shares of Air Products and Chemicals by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock worth $1,290,801,000 after purchasing an additional 556,188 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Air Products and Chemicals by 326.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock worth $927,010,000 after purchasing an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC grew its position in shares of Air Products and Chemicals by 0.5% in the first quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock valued at $779,665,000 after purchasing an additional 14,262 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $307.79 on Friday. The company’s 50-day moving average is $293.53 and its two-hundred day moving average is $293.61. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year 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 firm has a market capitalization of $68.54 billion, a price-to-earnings ratio of -1,399.06, a PEG ratio of 2.85 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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 business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.09 EPS. 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. Analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Monday, January 4th will be given a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, January 4th. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Evercore reiterated an “outperform” rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 10th. Argus boosted their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. UBS Group dropped their target price on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Finally, Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.88.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.