Osmosis Investment Management UK Ltd decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 83.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,045 shares of the basic materials company's stock after selling 10,638 shares during the period. Osmosis Investment Management UK Ltd's holdings in Air Products and Chemicals were worth $600,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Air Products and Chemicals by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company's stock valued at $121,909,000 after buying an additional 23,760 shares during the period. S&CO Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $27,733,000. Castle Rock Wealth Management LLC purchased a new stake in Air Products and Chemicals in the 4th quarter worth approximately $1,649,000. Staley Capital Advisers Inc. raised its holdings in Air Products and Chemicals by 108.2% in the 4th quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company's stock valued at $35,579,000 after acquiring an additional 74,868 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Air Products and Chemicals by 10.9% in the 4th quarter. ProShare Advisors LLC now owns 670,374 shares of the basic materials company's stock valued at $165,596,000 after acquiring an additional 65,999 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Mizuho raised their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Sanford C. Bernstein reiterated an "outperform" rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. Wells Fargo & Company raised their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Citigroup lifted their price target on Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Finally, BMO Capital Markets raised shares of 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 note on Friday, May 1st. One research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $332.76.
Read Our Latest Stock Report on APD
Air Products and Chemicals Stock Down 0.8%
Shares of NYSE APD opened at $303.92 on Wednesday. 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 fifty day moving average of $296.76 and a 200-day moving average of $291.21. The stock has a market capitalization of $67.68 billion, a PE ratio of -1,381.43, a P/E/G ratio of 2.66 and a beta of 0.73. 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 (NYSE:APD - Get Free Report) last released its quarterly earnings data 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 positive return on equity of 16.87% and a negative net margin of 0.38%.The business 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 firm posted $3.09 EPS. The business's revenue for the quarter was up 4.6% on a year-over-year basis. 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, analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.
Air Products and Chemicals Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. The ex-dividend date 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 payout ratio is presently -3,290.91%.
Air Products and Chemicals Company Profile
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Free Report)
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.
Further Reading
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