Air Products and Chemicals, Inc. $APD Holdings Increased by Cibc World Market Inc.

Key Points

• Cibc World Market Inc. increased its Air Products and Chemicals stake by 662.8% in the second quarter, bringing its holdings to 32,199 shares valued at approximately $9.44 million. Institutional investors and hedge funds collectively own 81.66% of APD.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $332.76. Recent targets range from $320 to $373.
• Air Products 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, equivalent to a 2.4% annualized yield.

Cibc World Market Inc. increased its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 662.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,199 shares of the basic materials company's stock after acquiring an additional 27,978 shares during the period. Cibc World Market Inc.'s holdings in Air Products and Chemicals were worth $9,440,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in APD. Brighton Jones LLC boosted its stake 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 valued at $945,000 after buying an additional 412 shares in the last quarter. Bison Wealth LLC acquired a new stake in Air Products and Chemicals in the 4th quarter valued at about $245,000. Sei Investments Co. boosted its position 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 valued at $79,498,000 after purchasing an additional 187,142 shares in the last quarter. Treasurer of the State of North Carolina boosted its position 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 valued at $29,271,000 after purchasing an additional 2,171 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its stake 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 worth $1,873,000 after purchasing an additional 2,229 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Sanford C. Bernstein restated an "outperform" rating and set a $373.00 target price on shares of Air Products and Chemicals in a report on Friday, July 31st. Wells Fargo & Company raised their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. Finally, Weiss Ratings lowered Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating 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 six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $332.76.

Air Products and Chemicals Trading Up 0.3%

Shares of NYSE:APD opened at $306.14 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The firm has a fifty day moving average of $296.28 and a two-hundred day moving average of $291.09. The firm has a market capitalization of $68.17 billion, a P/E ratio of -1,391.54, a price-to-earnings-growth ratio of 2.65 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate 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 revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior 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 expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals's dividend payout ratio is currently -3,290.91%.

Air Products and Chemicals Company 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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