Equitable Holdings Inc. Purchases Shares of 4,755 Air Products and Chemicals, Inc. $APD

Equitable Holdings Inc. purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,755 shares of the basic materials company’s stock, valued at approximately $1,394,000.

A number of other institutional investors also recently bought and sold shares of APD. Lloyd Advisory Services LLC. acquired a new position in Air Products and Chemicals in the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of Air Products and Chemicals in the first quarter valued at about $25,000. Fiduciary Financial Advisors acquired a new stake in Air Products and Chemicals during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the 4th quarter valued at $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals during the fourth quarter worth about $25,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APD. Wells Fargo & Company increased their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. UBS Group upped their price objective on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Mizuho increased their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Citigroup raised their target price on Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and an average target price of $332.76.

Air Products and Chemicals Price Performance

APD stock opened at $308.27 on Friday. The firm has a 50 day moving average of $298.34 and a 200-day moving average of $291.65. The company has a market cap of $68.65 billion, a price-to-earnings ratio of -1,401.23, a PEG ratio of 2.65 and a beta of 0.73. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87.

Air Products and Chemicals (NYSE:APD) last released 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 business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm posted $3.09 EPS. The company’s revenue 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 expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal 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 issued a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.3%. Air Products and Chemicals’s dividend payout ratio is -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.