Air Products and Chemicals, Inc. $APD Shares Acquired by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1,457.1% during the third quarter, HoldingsChannel.com reports. The fund owned 28,806 shares of the basic materials company’s stock after purchasing an additional 26,956 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Air Products and Chemicals were worth $7,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of APD. S&CO Inc. purchased a new stake in shares of Air Products and Chemicals during the second quarter worth approximately $27,733,000. NewEdge Advisors LLC grew its position in Air Products and Chemicals by 26.7% in the 1st quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock valued at $16,573,000 after buying an additional 12,020 shares during the last quarter. Rockland Trust Co. increased its stake in Air Products and Chemicals by 7.0% in the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock valued at $19,151,000 after buying an additional 4,279 shares during the period. Summitry LLC purchased a new position in Air Products and Chemicals during the 1st quarter worth $25,562,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Air Products and Chemicals by 5.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 96,749 shares of the basic materials company’s stock worth $28,365,000 after acquiring an additional 4,986 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 1.4%

Shares of APD traded up $3.90 on Monday, hitting $281.48. 246,510 shares of the stock traded hands, compared to its average volume of 1,287,578. The firm has a market capitalization of $62.68 billion, a P/E ratio of -1,279.41, a P/E/G ratio of 2.61 and a beta of 0.76. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The stock’s 50 day moving average is $295.87 and its two-hundred day moving average is $293.35.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping 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 in the prior year, the company posted $3.09 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. 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, sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on APD shares. Weiss Ratings downgraded 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 reissued a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Argus raised their price target 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. KeyCorp began coverage on Air Products and Chemicals in a report on Thursday, September 10th. They set a “sector weight” rating on the stock. Finally, UBS Group set a $305.00 target price on Air Products and Chemicals in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $334.69.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.