Redwood Investment Management LLC Buys Shares of 2,940 Air Products and Chemicals, Inc. $APD

Redwood Investment Management LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,940 shares of the basic materials company’s stock, valued at approximately $862,000.

Other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Air Products and Chemicals by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock valued at $121,909,000 after acquiring an additional 23,760 shares during the period. S&CO Inc. bought a new position in Air Products and Chemicals during the second quarter worth $27,733,000. Castle Rock Wealth Management LLC acquired a new position in Air Products and Chemicals during the 4th quarter valued at $1,649,000. Staley Capital Advisers Inc. raised its stake in Air Products and Chemicals by 108.2% during the 4th quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company’s stock valued at $35,579,000 after purchasing an additional 74,868 shares during the last quarter. Finally, Danske Bank A S boosted its holdings in Air Products and Chemicals by 9.7% in the 4th quarter. Danske Bank A S now owns 127,263 shares of the basic materials company’s stock valued at $31,437,000 after purchasing an additional 11,263 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 0.5%

Shares of APD stock opened at $305.15 on Friday. The firm has a fifty day moving average of $297.78 and a 200-day moving average of $291.53. The stock has a market cap of $67.95 billion, a price-to-earnings ratio of -1,387.03, a P/E/G ratio of 2.66 and a beta of 0.73. 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 debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08.

Air Products and Chemicals (NYSE:APD) last issued its earnings results 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 business had revenue of $3.16 billion for 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 firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business 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. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders 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 of this dividend is Thursday, October 1st. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Wall Street Analyst Weigh In

Several research firms have issued reports on APD. Citigroup raised 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 research report on Friday, July 31st. Mizuho upped their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Evercore restated 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target 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.