Principle Wealth Partners LLC Buys Shares of 2,448 Air Products and Chemicals, Inc. $APD

Principle Wealth Partners LLC acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, HoldingsChannel.com reports. The firm acquired 2,448 shares of the basic materials company’s stock, valued at approximately $718,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new position in Air Products and Chemicals in the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Air Products and Chemicals during the first quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals in the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Air Products and Chemicals in the fourth quarter worth about $25,000. Finally, Motiv8 Investments LLC bought a new position in Air Products and Chemicals in the 4th quarter valued at about $26,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on APD. Wells Fargo & Company boosted 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. Royal Bank Of Canada increased their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a research note 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 target price for the company in a research report on Friday, May 1st. Finally, Evercore reaffirmed an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $332.76.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $300.68 on Tuesday. 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 current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The stock has a market cap of $66.96 billion, a PE ratio of -1,366.73, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. The company’s 50-day moving average price is $293.96 and its two-hundred day moving average price is $289.79.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates 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 for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, October 1st. 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 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.