Air Products and Chemicals, Inc. $APD Shares Acquired by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Air Products and Chemicals stake by 326.7% in the second quarter, acquiring 2.56 million additional shares and bringing its holdings to approximately $927 million. Institutional investors collectively own 81.66% of APD.
• Air Products reported quarterly EPS of $3.47, exceeding estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion but fell short of expectations.
• The company declared a quarterly dividend of $1.81, equivalent to $7.24 annually and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $336.53.

Envestnet Asset Management Inc. increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 326.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,348,573 shares of the basic materials company's stock after buying an additional 2,563,873 shares during the quarter. Envestnet Asset Management Inc. owned about 1.50% of Air Products and Chemicals worth $927,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. S&CO Inc. purchased a new position in Air Products and Chemicals during the second quarter worth approximately $27,733,000. NewEdge Advisors LLC lifted its stake in Air Products and Chemicals by 26.7% in the 1st quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company's stock valued at $16,573,000 after buying an additional 12,020 shares in the last quarter. Rockland Trust Co. lifted its stake in Air Products and Chemicals by 7.0% in the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company's stock valued at $19,151,000 after buying an additional 4,279 shares in the last quarter. Summitry LLC acquired a new stake in Air Products and Chemicals in the 1st quarter worth about $25,562,000. Finally, Handelsbanken Fonder AB lifted its position in shares of Air Products and Chemicals by 5.4% in the second quarter. Handelsbanken Fonder AB now owns 96,749 shares of the basic materials company's stock valued at $28,365,000 after acquiring an additional 4,986 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Trading Down 0.4%

Shares of APD traded down $1.09 during mid-day trading on Wednesday, reaching $286.77. The stock had a trading volume of 922,868 shares, compared to its average volume of 1,300,883. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The firm has a market cap of $63.86 billion, a price-to-earnings ratio of -1,303.51, a P/E/G ratio of 2.82 and a beta of 0.75. The business's fifty day moving average is $298.45 and its 200 day moving average is $293.36. 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 (NYSE:APD - Get Free Report) last issued its 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 the consensus estimate of $3.20 billion. During the same period in the previous year, the firm earned $3.09 earnings per share. Air Products and Chemicals's quarterly 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. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business 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 2.5%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's payout ratio is -3,290.91%.

Analyst Upgrades and Downgrades

Several research firms recently commented on APD. Citigroup increased their price objective on Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Argus increased their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a research report on Wednesday, September 9th. Evercore reissued an "outperform" rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. UBS Group boosted their price target on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Finally, Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Air Products and Chemicals presently has an average rating of "Moderate Buy" and an average price target of $336.53.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.

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