GAMMA Investing LLC Purchases 18,360 Shares of Air Products and Chemicals, Inc. $APD

GAMMA Investing LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 344.9% in the third quarter, Holdings Channel reports. The institutional investor owned 23,684 shares of the basic materials company’s stock after acquiring an additional 18,360 shares during the period. GAMMA Investing LLC’s holdings in Air Products and Chemicals were worth $6,480,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of APD. State Street Corp grew its stake in shares of Air Products and Chemicals by 277.4% in the second 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 in the last quarter. BlackRock Inc. acquired a new stake in Air Products and Chemicals in the 2nd quarter worth about $5,370,093,000. Bank of America Corp DE boosted its holdings in Air Products and Chemicals by 14.3% in the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock valued at $1,290,801,000 after purchasing an additional 556,188 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Air Products and Chemicals by 326.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock worth $927,010,000 after purchasing an additional 2,563,873 shares in the last quarter. Finally, Aristotle Capital Management LLC grew its position in shares of Air Products and Chemicals by 0.5% during the 1st quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock worth $779,665,000 after purchasing an additional 14,262 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. 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. Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Argus lifted 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, Sanford C. Bernstein reiterated an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals 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 seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $333.56.

Air Products and Chemicals Stock Performance

NYSE APD opened at $277.76 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $61.85 billion, a price-to-earnings ratio of -1,262.55, a P/E/G ratio of 2.62 and a beta of 0.76. The firm’s 50 day simple moving average is $294.58 and its 200 day simple moving average is $293.23. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. The business 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 was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.09 earnings per share. 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, research analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

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.