Air Products and Chemicals, Inc. $APD Shares Bought by Rockland Trust Co.

Key Points

• Rockland Trust increased its Air Products and Chemicals stake by 7% in the second quarter, bringing its holdings to 65,322 shares valued at approximately $19.15 million. Institutional investors and hedge funds collectively own 81.66% of APD.
• Air Products exceeded quarterly earnings expectations, reporting $3.47 in EPS versus the $3.34 consensus estimate, while revenue rose 4.6% year over year to $3.16 billion. The company maintained FY 2026 EPS guidance of $13.39–$13.49.
• The company declared a quarterly dividend of $1.81 per share, equal to an annualized $7.24 and a 2.4% yield. Analysts have a consensus “Moderate Buy” rating with an average price target of $332.76.

Rockland Trust Co. grew its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,322 shares of the basic materials company's stock after acquiring an additional 4,279 shares during the quarter. Rockland Trust Co.'s holdings in Air Products and Chemicals were worth $19,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Air Products and Chemicals by 34.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 415 shares of the basic materials company's stock worth $122,000 after purchasing an additional 106 shares during the period. Meriwether Wealth & Planning LLC raised its holdings in shares of Air Products and Chemicals by 10.2% during the second quarter. Meriwether Wealth & Planning LLC now owns 842 shares of the basic materials company's stock worth $247,000 after purchasing an additional 78 shares during the period. Castle Rock Wealth Management LLC raised its holdings in shares of Air Products and Chemicals by 5.0% during the second quarter. Castle Rock Wealth Management LLC now owns 7,221 shares of the basic materials company's stock worth $2,213,000 after purchasing an additional 341 shares during the period. Czech National Bank boosted its holdings in shares of Air Products and Chemicals by 4.5% in the 2nd quarter. Czech National Bank now owns 63,384 shares of the basic materials company's stock valued at $18,583,000 after buying an additional 2,745 shares during the period. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of Air Products and Chemicals by 38.0% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 44,586 shares of the basic materials company's stock valued at $13,072,000 after buying an additional 12,266 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

Shares of APD opened at $303.35 on Friday. The firm has a market capitalization of $67.55 billion, a price-to-earnings ratio of -1,378.84, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The stock's fifty day moving average is $290.90 and its 200-day moving average is $287.76.

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, topping the consensus estimate of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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 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. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS 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. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is currently -3,290.91%.

Wall Street Analyst Weigh In

APD has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Wells Fargo & Company upped their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research report on Monday. Berenberg Bank set a $350.00 price target on Air Products and Chemicals and gave the stock a "buy" rating in a report on Monday, April 20th. Finally, BMO Capital Markets upgraded Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 price objective for the company in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently 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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