Air Products and Chemicals, Inc. $APD Shares Bought by First County Bank CT

Key Points

• First County Bank CT increased its Air Products and Chemicals stake by 337.1% in the third quarter, holding 7,947 shares worth approximately $2.17 million. Institutional investors collectively own 81.66% of the company.
• Air Products reported quarterly EPS of $3.47, exceeding analysts’ $3.34 estimate, while revenue reached $3.16 billion, up 4.6% year over year but below expectations.
• The company declared a quarterly dividend of $1.81, equivalent to $7.24 annually and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $334.71, compared with a recent share price of $288.09.

First County Bank CT lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 337.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,947 shares of the basic materials company's stock after buying an additional 6,129 shares during the period. Air Products and Chemicals comprises approximately 1.0% of First County Bank CT's portfolio, making the stock its 28th biggest position. First County Bank CT's holdings in Air Products and Chemicals were worth $2,174,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new stake in shares of Air Products and Chemicals during the 1st quarter valued at about $25,000. Fiduciary Financial Advisors acquired a new position in Air Products and Chemicals during the second quarter worth $25,000. Cornerstone Planning Group LLC increased its holdings in shares of Air Products and Chemicals by 318.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 70 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of Air Products and Chemicals in the first quarter worth $27,000. Finally, MJT & Associates Financial Advisory Group Inc. lifted its position in Air Products and Chemicals by 77.6% during the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company's stock worth $28,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD traded up $4.22 during trading on Tuesday, reaching $288.09. The stock had a trading volume of 220,572 shares, compared to its average volume of 1,273,570. The business's 50-day moving average price is $294.12 and its 200 day moving average price is $293.22. The stock has a market capitalization of $64.16 billion, a PE ratio of -1,310.23, a P/E/G ratio of 2.65 and a beta of 0.76. 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, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.09 EPS. 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 analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a $1.81 dividend. 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 2.5%. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Royal Bank Of Canada boosted their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Weiss Ratings lowered shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Barclays began coverage on shares of Air Products and Chemicals in a research report on Monday. They set an "overweight" rating and a $353.00 price objective for the company. Finally, Citigroup reduced their target price on shares of Air Products and Chemicals from $330.00 to $312.00 and set a "neutral" rating for the company in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $334.71.

About Air Products and Chemicals

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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