NTV Asset Management LLC Makes New Investment in Air Products and Chemicals, Inc. $APD

NTV Asset Management LLC acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,060 shares of the basic materials company’s stock, valued at approximately $851,000.

Several other institutional investors have also recently made changes to their positions in APD. State Street Corp boosted its holdings in 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 purchasing an additional 28,050,956 shares during the last quarter. BlackRock Inc. acquired a new stake in Air Products and Chemicals during the 2nd quarter worth about $5,370,093,000. Bank of America Corp DE grew its position in Air Products and Chemicals by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock worth $1,290,801,000 after purchasing an additional 556,188 shares during the period. Envestnet Asset Management Inc. raised its stake 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 valued at $927,010,000 after buying an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC raised its stake 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 valued at $779,665,000 after buying an additional 14,262 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore reissued an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. UBS Group dropped their target price on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Wells Fargo & Company lifted their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Royal Bank Of Canada decreased their price target on Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.88.

Air Products and Chemicals Trading Up 0.0%

APD stock opened at $307.28 on Monday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The firm has a market cap of $68.43 billion, a P/E ratio of -1,396.72, a PEG ratio of 2.89 and a beta of 0.76. The company’s 50-day simple moving average is $293.49 and its 200-day simple moving average is $293.71.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the business earned $3.09 EPS. Air Products and Chemicals’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, equities analysts forecast that Air Products and Chemicals, Inc. will post 13.46 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, February 8th. Shareholders of record on Monday, January 4th will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, January 4th. 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 industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.