554,136 Shares in Air Products and Chemicals, Inc. $APD Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management purchased 554,136 shares of Air Products and Chemicals, valued at approximately $162.5 million, giving it a 0.25% stake. Institutional investors collectively own 81.66% of the company.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $332.76.
• Air Products and Chemicals exceeded quarterly EPS expectations, reporting $3.47 versus the $3.34 consensus, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, yielding about 2.4% annually.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 554,136 shares of the basic materials company's stock, valued at approximately $162,462,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of Air Products and Chemicals at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of Air Products and Chemicals in the first quarter worth about $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals in the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $25,000. Finally, Motiv8 Investments LLC purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $26,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on APD. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. BMO Capital Markets raised shares of Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 price objective for the company in a report on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Sanford C. Bernstein reissued an "outperform" rating and set a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. Finally, Mizuho raised their target price on 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently 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 $300.68 on Tuesday. 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 firm has a fifty day moving average of $293.96 and a 200 day moving average of $289.79. The firm has a market cap of $66.96 billion, a PE ratio of -1,366.73, a PEG ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data 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. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business 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 posted $3.09 earnings per share. 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, research analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date 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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