4,150,953 Shares in Air Products and Chemicals, Inc. $APD Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 4.15 million Air Products and Chemicals shares worth approximately $1.22 billion, representing about 1.86% of the company. Institutional investors collectively own 81.66% of APD.
• Air Products exceeded quarterly earnings expectations, reporting $3.47 in EPS versus the $3.34 consensus, while revenue rose 4.6% year over year to $3.16 billion. Management provided fiscal 2026 EPS guidance of $13.39–$13.49.
• The company declared a quarterly dividend of $1.81 per share, equal to $7.24 annually and a 2.5% yield. Analysts have a “Moderate Buy” consensus rating with an average price target of $336.53.

Bank of America Corp DE acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,150,953 shares of the basic materials company's stock, valued at approximately $1,216,976,000. Bank of America Corp DE owned approximately 1.86% of Air Products and Chemicals at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of APD. Lloyd Advisory Services LLC. purchased a new stake in Air Products and Chemicals during the 4th quarter valued at $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Air Products and Chemicals in the first quarter worth $25,000. Fiduciary Financial Advisors purchased a new stake in Air Products and Chemicals during the second quarter valued at $25,000. Main Street Group LTD purchased a new stake in Air Products and Chemicals during the first quarter valued at $27,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Air Products and Chemicals by 318.2% in the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 70 shares during the period. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $286.73 on Tuesday. The company has a market capitalization of $63.85 billion, a P/E ratio of -1,303.33, a P/E/G ratio of 2.94 and a beta of 0.75. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The firm's 50 day simple moving average is $300.10 and its two-hundred day simple moving average is $292.94. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

Air Products and Chemicals (NYSE:APD - Get Free Report) 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. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm earned $3.09 EPS. The company's revenue was up 4.6% on a year-over-year basis. 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. Research analysts expect 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. Investors of record on Thursday, October 1st will be paid a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is -3,290.91%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on APD shares. UBS Group raised their target price on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. KeyCorp began coverage on shares of Air Products and Chemicals in a report on Thursday. They issued a "sector weight" rating on the stock. Mizuho boosted their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $336.53.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.

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