9,817 Air Products and Chemicals, Inc. $APD Shares Acquired by Park National Corp OH

Key Points

• Park National Corp OH increased its Air Products and Chemicals stake by 66.7% in the third quarter, purchasing 9,817 additional shares and bringing its holdings to 24,538 shares valued at approximately $6.76 million.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $334.69, compared with the stock’s reported trading price of $281.38.
• Air Products exceeded quarterly EPS expectations, reporting $3.47 versus the $3.34 consensus estimate, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, equivalent to a 2.6% annualized yield.

Park National Corp OH grew its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 66.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,538 shares of the basic materials company's stock after buying an additional 9,817 shares during the period. Park National Corp OH's holdings in Air Products and Chemicals were worth $6,761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Evolution Wealth Management Inc. purchased a new position in 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 about $25,000. Cornerstone Planning Group LLC lifted its stake in Air Products and Chemicals by 318.2% during the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company's stock worth $28,000 after purchasing an additional 70 shares during the last quarter. Main Street Group LTD purchased a new position in shares of Air Products and Chemicals in the 1st quarter worth about $27,000. Finally, Bell Investment Advisors Inc bought a new position in shares of Air Products and Chemicals during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Wall Street Analyst Weigh In

APD has been the subject of a number of recent research reports. UBS Group set a $305.00 target price on Air Products and Chemicals in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Mizuho upped their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. KeyCorp initiated coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They set a "sector weight" rating on the stock. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $334.69.

Air Products and Chemicals Trading Up 1.4%

APD stock traded up $3.81 during midday trading on Monday, hitting $281.38. The company had a trading volume of 250,665 shares, compared to its average volume of 1,287,578. The stock has a market cap of $62.66 billion, a price-to-earnings ratio of -1,279.07, a PEG ratio of 2.61 and a beta of 0.76. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The stock's 50 day moving average price is $295.87 and its 200 day moving average price is $293.35.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $3.20 billion. During the same quarter last year, the business earned $3.09 earnings per share. The business'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. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share 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. Stockholders 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 dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.

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