Envestnet Portfolio Solutions Inc. Acquires 80,580 Shares of Air Products and Chemicals, Inc. $APD

Envestnet Portfolio Solutions Inc. raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1,846.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 84,945 shares of the basic materials company’s stock after acquiring an additional 80,580 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Air Products and Chemicals were worth $23,203,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. State Street Corp lifted its position in shares of Air Products and Chemicals by 277.4% during the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock valued at $10,597,451,000 after acquiring an additional 28,050,956 shares during the period. BlackRock Inc. acquired a new stake in Air Products and Chemicals in the second quarter worth $5,370,093,000. Norges Bank bought a new stake in Air Products and Chemicals in the fourth quarter valued at $1,063,906,000. Bank of America Corp DE acquired a new position in shares of Air Products and Chemicals during the second quarter valued at about $1,216,976,000. Finally, Capital International Investors boosted its position 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 worth $3,160,023,000 after purchasing an additional 3,922,567 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.4%

APD traded down $1.09 during midday trading on Wednesday, reaching $286.77. 922,868 shares of the company were exchanged, compared to its average volume of 1,300,883. The company has a market cap of $63.86 billion, a price-to-earnings ratio of -1,303.51, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company’s fifty day moving average price is $298.45 and its 200 day moving average price is $293.36. 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 posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the company earned $3.09 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. 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, analysts expect that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company 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 2.5%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on APD shares. Mizuho raised their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Evercore reiterated an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a report on Friday, July 10th. KeyCorp began coverage on Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Argus boosted their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Finally, Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus target price of $336.53.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.