Air Products and Chemicals, Inc. $APD Shares Acquired by Patrick Mauro Investment Advisor INC.

Key Points

• Patrick Mauro Investment Advisor increased its Air Products and Chemicals stake by 94.5% in the second quarter, bringing its holdings to 13,882 shares valued at approximately $4.07 million. Institutional investors and hedge funds collectively own 81.66% of APD.
• Air Products reported quarterly EPS of $3.47, beating estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion but fell short of expectations. The company expects fiscal 2026 EPS of $13.39–$13.49.
• The company declared a quarterly dividend of $1.81 per share, or $7.24 annualized, representing a 2.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $332.76.

Patrick Mauro Investment Advisor INC. lifted its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 94.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,882 shares of the basic materials company's stock after acquiring an additional 6,745 shares during the period. Air Products and Chemicals accounts for 2.0% of Patrick Mauro Investment Advisor INC.'s holdings, making the stock its 18th largest position. Patrick Mauro Investment Advisor INC.'s holdings in Air Products and Chemicals were worth $4,070,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in APD. Amplify Investments LLC grew its holdings in shares of Air Products and Chemicals by 17.6% during the second quarter. Amplify Investments LLC now owns 360 shares of the basic materials company's stock worth $106,000 after buying an additional 54 shares in the last quarter. Sound Financial Strategies Group LLC boosted its holdings in shares of Air Products and Chemicals by 49.1% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,030 shares of the basic materials company's stock worth $302,000 after purchasing an additional 339 shares during the last quarter. Danske Bank A S boosted its holdings in shares of Air Products and Chemicals by 55.0% during the 2nd quarter. Danske Bank A S now owns 204,306 shares of the basic materials company's stock worth $59,898,000 after purchasing an additional 72,515 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $8,185,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $5,222,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 0.0%

Air Products and Chemicals stock opened at $303.18 on Thursday. The stock has a market cap of $67.51 billion, a PE ratio of -1,378.09, a P/E/G ratio of 2.63 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The stock's fifty day moving average is $294.91 and its two-hundred day moving average is $290.45. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company posted $3.09 earnings per share. The firm'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 expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on APD shares. Sanford C. Bernstein reiterated an "outperform" rating and set a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a research note on Monday, August 3rd. BMO Capital Markets upgraded Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 price target on the stock in a report on Friday, May 1st. Evercore reissued an "outperform" rating and set a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. Finally, UBS Group raised their price objective 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. 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. Based on data from MarketBeat, the company 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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