Air Products and Chemicals, Inc. $APD Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 12,453.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 660,826 shares of the basic materials company's stock after buying an additional 655,562 shares during the quarter. Assenagon Asset Management S.A. owned 0.30% of Air Products and Chemicals worth $179,864,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp grew its position in Air Products and Chemicals by 277.4% during the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock valued at $10,597,451,000 after acquiring an additional 28,050,956 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Air Products and Chemicals during the second quarter worth approximately $5,370,093,000. Bank of America Corp DE lifted its holdings in shares of Air Products and Chemicals by 14.3% in the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company's stock worth $1,290,801,000 after acquiring an additional 556,188 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Air Products and Chemicals by 326.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company's stock worth $927,010,000 after acquiring an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC lifted its holdings in shares of Air Products and Chemicals by 0.5% in the 1st quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company's stock worth $779,665,000 after acquiring an additional 14,262 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APD has been the topic of several recent research reports. Barclays started coverage on shares of Air Products and Chemicals in a report on Monday. They set an "overweight" rating and a $353.00 target price on the stock. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research note on Monday, August 3rd. UBS Group decreased their price objective on Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating on the stock in a report on Monday, October 5th. Argus lifted their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a report on Wednesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Two analysts have 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $333.88.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $296.49 on Friday. 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 52 week low of $229.11 and a 52 week high of $314.87. The firm has a market capitalization of $66.03 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.75 and a beta of 0.76. The stock has a fifty day moving average of $293.89 and a 200 day moving average of $293.24.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same period last year, the company posted $3.09 EPS. The company'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. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid 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 (DPR) is currently -3,290.91%.

Air Products and Chemicals Profile

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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