3,062 Air Products and Chemicals, Inc. $APD Shares Bought by Peoples Bank KS

Peoples Bank KS increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 286.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,132 shares of the basic materials company’s stock after acquiring an additional 3,062 shares during the quarter. Peoples Bank KS’s holdings in Air Products and Chemicals were worth $1,131,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. S&CO Inc. purchased a new position in shares of Air Products and Chemicals during the 2nd quarter worth approximately $27,733,000. Neville Rodie & Shaw Inc. boosted its position in shares of Air Products and Chemicals by 1,457.1% during the third quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock valued at $7,851,000 after purchasing an additional 26,956 shares in the last quarter. Park National Corp OH grew its stake in Air Products and Chemicals by 66.7% in the third quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock worth $6,761,000 after purchasing an additional 9,817 shares during the period. NewEdge Advisors LLC raised its holdings in Air Products and Chemicals by 26.7% in the first quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock worth $16,573,000 after purchasing an additional 12,020 shares in the last quarter. Finally, Rockland Trust Co. raised its holdings in Air Products and Chemicals by 7.0% in the second quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock worth $19,151,000 after purchasing an additional 4,279 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 1.1%

NYSE:APD traded up $3.09 on Friday, reaching $281.47. 718,839 shares of the stock traded hands, compared to its average volume of 1,282,564. 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 company has a market capitalization of $62.68 billion, a price-to-earnings ratio of -1,279.40, a PEG ratio of 2.62 and a beta of 0.76. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The company’s fifty day simple moving average is $294.30 and its 200 day simple moving average is $293.14.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior 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. Equities analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS 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 issued a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. KeyCorp started coverage on shares of Air Products and Chemicals in a research report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Royal Bank Of Canada boosted their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Argus upped their price objective on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, Citigroup cut their price target on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $333.56.

Air Products and Chemicals 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.