Glenview Trust Co Purchases Shares of 5,982 Air Products and Chemicals, Inc. $APD

Glenview Trust Co acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,982 shares of the basic materials company’s stock, valued at approximately $1,754,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Air Products and Chemicals in the 2nd quarter worth about $5,370,093,000. Norges Bank purchased a new position in Air Products and Chemicals in the fourth quarter worth about $1,063,906,000. Bank of America Corp DE bought a new stake in shares of Air Products and Chemicals in the 2nd quarter worth $1,216,976,000. Capital International Investors boosted its holdings in shares of Air Products and Chemicals by 44.2% during the 4th quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after acquiring an additional 3,922,567 shares during the last quarter. Finally, Viking Global Investors LP purchased a new position in shares of Air Products and Chemicals in the second quarter worth approximately $607,601,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on APD shares. Royal Bank Of Canada upped their price target on shares of 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. UBS Group boosted their target price on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Mizuho boosted 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. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company increased their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Stock Up 0.9%

Air Products and Chemicals stock opened at $308.27 on Friday. The business has a 50 day simple moving average of $298.34 and a 200-day simple moving average of $291.65. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The stock has a market capitalization of $68.65 billion, a PE ratio of -1,401.23, a price-to-earnings-growth ratio of 2.65 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.13. The firm 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 company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior 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. On average, 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 business also recently declared 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. This represents a $7.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -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.