8,212 Shares in Air Products and Chemicals, Inc. $APD Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC purchased 8,212 shares of Air Products and Chemicals in the second quarter, valued at approximately $2.4 million. Institutional investors collectively own 81.66% of APD’s outstanding stock.
• APD shares recently traded at $309.63, near their 12-month high of $314.87. The company beat quarterly EPS estimates, reporting $3.47 per share versus the $3.34 consensus, while revenue rose 4.6% year over year to $3.16 billion.
• Air Products declared a quarterly dividend of $1.81 per share, equivalent to a $7.24 annualized payout and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $332.76.

Empowered Funds LLC purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,212 shares of the basic materials company's stock, valued at approximately $2,393,000.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after acquiring an additional 412 shares in the last quarter. Bison Wealth LLC bought a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $245,000. Sei Investments Co. increased its stake in shares of Air Products and Chemicals by 197.6% during the 2nd quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company's stock worth $79,498,000 after purchasing an additional 187,142 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Air Products and Chemicals by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company's stock worth $29,271,000 after purchasing an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of Air Products and Chemicals by 52.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company's stock valued at $1,873,000 after purchasing an additional 2,229 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Up 1.4%

Shares of NYSE:APD opened at $309.63 on Thursday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The business has a 50 day moving average of $299.95 and a 200-day moving average of $292.03. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The stock has a market cap of $68.95 billion, a PE ratio of -1,407.41, a P/E/G ratio of 3.08 and a beta of 0.75.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $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. As a group, equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.3%. Air Products and Chemicals's dividend payout ratio (DPR) is presently -3,290.91%.

Analyst Upgrades and Downgrades

APD has been the subject of a number of research analyst reports. UBS Group lifted their price target on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Evercore restated an "outperform" rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 10th. Citigroup raised their price objective on Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $332.76.

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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