MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) during the 2nd quarter, Holdings Channel reports. The firm acquired 4,808 shares of the basic materials company’s stock, valued at approximately $1,410,000.
A number of other institutional investors also recently made changes to their positions in the business. Lloyd Advisory Services LLC. acquired a new position in Air Products and Chemicals during the 4th quarter worth $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals during the first quarter worth about $25,000. Finally, Fiduciary Financial Advisors bought a new position in shares of Air Products and Chemicals during the second quarter worth about $25,000. 81.66% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. UBS Group boosted their price objective on Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Mizuho increased their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Evercore reiterated an “outperform” rating and issued a $342.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 10th. Royal Bank Of Canada boosted their price target on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $332.76.
Air Products and Chemicals Price Performance
Shares of NYSE APD opened at $305.15 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. The firm has a market capitalization of $67.95 billion, a PE ratio of -1,387.03, a P/E/G ratio of 2.66 and a beta of 0.73. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The business’s fifty day moving average price is $297.78 and its two-hundred day moving average price is $291.53.
Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.13. The company 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 for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.
Air Products and Chemicals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s payout ratio is presently -3,290.91%.
About Air Products and Chemicals
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.
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