Saudi Central Bank Buys 6,591 Shares of Air Products and Chemicals, Inc. $APD

Saudi Central Bank lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 80.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,807 shares of the basic materials company’s stock after acquiring an additional 6,591 shares during the period. Saudi Central Bank’s holdings in Air Products and Chemicals were worth $4,341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of APD. BlackRock Inc. acquired a new position in Air Products and Chemicals during the second quarter valued at approximately $5,370,093,000. Norges Bank acquired a new stake in Air Products and Chemicals in the fourth quarter worth $1,063,906,000. Bank of America Corp DE acquired a new stake in Air Products and Chemicals in the second quarter worth $1,216,976,000. Capital International Investors boosted its position in shares of Air Products and Chemicals by 44.2% during 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 purchasing an additional 3,922,567 shares in the last quarter. Finally, Viking Global Investors LP bought a new position in shares of Air Products and Chemicals during the second quarter worth $607,601,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.0%

Shares of NYSE:APD opened at $301.19 on Monday. 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 quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $300.91 and its 200 day simple moving average is $292.35. The firm has a market cap of $67.07 billion, a price-to-earnings ratio of -1,369.05, a PEG ratio of 3.04 and a beta of 0.75.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. The business 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous 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, research analysts forecast that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on APD shares. Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Citigroup increased their price target on Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 31st. One investment 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 company’s stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $332.76.

Air Products and Chemicals 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.