Flputnam Investment Management Co. Acquires 20,204 Shares of Air Products and Chemicals, Inc. $APD

Flputnam Investment Management Co. boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 163.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,592 shares of the basic materials company’s stock after buying an additional 20,204 shares during the quarter. Flputnam Investment Management Co.’s holdings in Air Products and Chemicals were worth $9,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APD. Cary Street Partners Financial LLC lifted its position in Air Products and Chemicals by 2.2% during the fourth quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 35 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Air Products and Chemicals by 0.9% in the second quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock worth $1,147,000 after buying an additional 35 shares during the period. Revisor Wealth Management LLC lifted its position in shares of Air Products and Chemicals by 0.8% during the 1st quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock valued at $1,320,000 after buying an additional 36 shares in the last quarter. StoneX Group Inc. lifted its position in shares of Air Products and Chemicals by 1.3% during the 4th quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock valued at $688,000 after buying an additional 36 shares in the last quarter. Finally, CYBER HORNET ETFs LLC increased its holdings in Air Products and Chemicals by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock worth $159,000 after acquiring an additional 37 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on APD shares. Weiss Ratings downgraded shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Evercore restated an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 10th. Royal Bank Of Canada upped their target price on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a report on Friday, July 31st. Finally, Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research report on Monday, August 3rd. One 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Stock Performance

NYSE APD opened at $308.27 on Friday. 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, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The business has a 50 day simple moving average of $298.34 and a two-hundred day simple moving average of $291.65. The stock has a market capitalization of $68.65 billion, a PE ratio of -1,401.23, a P/E/G ratio of 2.68 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping 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 positive return on equity of 16.87% and a negative net margin of 0.38%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period 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, research analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis 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 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.