453,747 Air Products and Chemicals, Inc. $APD Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Air Products and Chemicals stake by 453,747 shares, or 3,258%, during the third quarter, bringing its holdings to 467,674 shares valued at approximately $130.1 million.
• Institutional investors own 81.66% of APD, with other major holders including State Street, BlackRock, Bank of America, and Envestnet increasing or initiating positions.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $333.88, while APD recently traded at $302.71; the company also exceeded quarterly EPS expectations, reporting $3.47 versus the $3.34 consensus.

Robeco Institutional Asset Management B.V. grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3,258.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 467,674 shares of the basic materials company's stock after buying an additional 453,747 shares during the period. Robeco Institutional Asset Management B.V. owned 0.21% of Air Products and Chemicals worth $130,121,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in APD. State Street Corp lifted its holdings in Air Products and Chemicals by 277.4% during 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 in the last quarter. BlackRock Inc. bought a new position in shares of Air Products and Chemicals in the second quarter worth approximately $5,370,093,000. Bank of America Corp DE boosted its position in shares of Air Products and Chemicals by 14.3% in the first 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. increased its stake in shares of Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company's stock worth $927,010,000 after purchasing an additional 2,563,873 shares in the last quarter. Finally, Aristotle Capital Management LLC lifted 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 in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APD has been the subject of several recent analyst reports. Argus upped their target price 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. Evercore reiterated an "outperform" rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. Weiss Ratings cut Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. KeyCorp assumed coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They issued a "sector weight" rating on the stock. Finally, Citigroup lowered their price objective on Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $333.88.

Air Products and Chemicals Price Performance

APD stock opened at $302.71 on Thursday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company's fifty day moving average price is $293.48 and its 200-day moving average price is $293.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market capitalization of $67.41 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its 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. The company had revenue of $3.16 billion during 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%. Air Products and Chemicals's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last 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, equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

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.

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