Air Products and Chemicals, Inc. $APD Stock Acquired by Adams Natural Resources Fund Inc.

Key Points

• Adams Natural Resources Fund increased its Air Products and Chemicals position by 128.7% in the third quarter, acquiring 23,300 additional shares for a total holding of 41,400 shares worth approximately $11.5 million.
• Institutional investors and hedge funds collectively own 81.66% of APD, with State Street and BlackRock among the company’s largest institutional holders.
• APD reported quarterly earnings of $3.47 per share, topping estimates of $3.34, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $333.88.

Adams Natural Resources Fund Inc. lifted its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 128.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,400 shares of the basic materials company's stock after buying an additional 23,300 shares during the quarter. Air Products and Chemicals makes up 1.3% of Adams Natural Resources Fund Inc.'s investment portfolio, making the stock its 20th largest holding. Adams Natural Resources Fund Inc.'s holdings in Air Products and Chemicals were worth $11,519,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of APD. State Street Corp boosted its position in Air Products and Chemicals by 277.4% in the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock valued at $10,597,451,000 after buying an additional 28,050,956 shares during the period. BlackRock Inc. acquired a new position in shares of Air Products and Chemicals in the second quarter worth $5,370,093,000. Bank of America Corp DE grew its stake in shares of Air Products and Chemicals by 14.3% in the first 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 in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Air Products and Chemicals by 326.7% during the second 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 period. Finally, Aristotle Capital Management LLC increased its position in shares of Air Products and Chemicals by 0.5% during the first 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 period. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Trading Up 1.7%

NYSE APD opened at $307.79 on Friday. The firm's fifty day moving average price is $293.53 and its 200 day moving average price is $293.61. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. 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 company has a market capitalization of $68.54 billion, a price-to-earnings ratio of -1,399.06, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76.

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 for the quarter, beating analysts' consensus estimates 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 in the previous year, the company earned $3.09 earnings per share. Air Products and Chemicals'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 13.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Mizuho lifted their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Barclays started coverage on Air Products and Chemicals in a research note on Monday, October 12th. They set an "overweight" rating and a $353.00 target price for the company. Wells Fargo & Company upped their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Royal Bank Of Canada reduced their price target on Air Products and Chemicals from $360.00 to $346.00 and set an "outperform" rating on the stock in a research report on Thursday, October 15th. Finally, Weiss Ratings lowered Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of "Moderate Buy" and a consensus target price of $333.88.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.

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