5,982 Shares in Air Products and Chemicals, Inc. $APD Acquired by Glenview Trust Co

Glenview Trust Co bought a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,982 shares of the basic materials company's stock, valued at approximately $1,754,000.

Several other institutional investors have also recently bought and sold shares of APD. BlackRock Inc. bought a new position in shares of Air Products and Chemicals in the second quarter worth about $5,370,093,000. Norges Bank acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $1,063,906,000. Bank of America Corp DE acquired a new stake in Air Products and Chemicals in the second quarter worth $1,216,976,000. Capital International Investors grew its stake in Air Products and Chemicals by 44.2% in the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company's stock valued at $3,160,023,000 after acquiring an additional 3,922,567 shares during the period. Finally, Viking Global Investors LP acquired a new stake in Air Products and Chemicals during the 2nd quarter worth approximately $607,601,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Trading Up 0.9%

NYSE APD opened at $308.27 on Friday. The business's fifty day moving average is $298.34 and its 200-day moving average is $291.65. 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, Inc. has a one year low of $229.11 and a one year high of $314.87. The stock has a market capitalization 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.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the previous year, the firm posted $3.09 EPS. Air Products and Chemicals'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. Equities research analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.3%. Air Products and Chemicals's payout ratio is -3,290.91%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on APD shares. Evercore reaffirmed an "outperform" rating and set a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. Citigroup increased their price objective on Air Products and Chemicals from $315.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Royal Bank Of Canada boosted their target price 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. Weiss Ratings cut Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average target price of $332.76.

Air Products and Chemicals Profile

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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