Air Products and Chemicals, Inc. $APD Stock Acquired by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its Air Products and Chemicals stake by 166.4% in the third quarter, bringing its holdings to 386,188 shares valued at approximately $106 million. Institutional investors collectively own 81.66% of APD.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $334.71; ratings include one Strong Buy, 11 Buys and seven Holds.
• APD recently reported quarterly EPS of $3.47, exceeding estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, equal to a 2.5% annualized yield.

Fort Washington Investment Advisors Inc. OH lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 166.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,188 shares of the basic materials company's stock after purchasing an additional 241,214 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.17% of Air Products and Chemicals worth $105,983,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in Air Products and Chemicals by 277.4% in 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 buying an additional 28,050,956 shares in the last quarter. BlackRock Inc. purchased a new stake in Air Products and Chemicals during the 2nd quarter worth about $5,370,093,000. Bank of America Corp DE lifted its holdings in Air Products and Chemicals by 14.3% during 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 buying an additional 556,188 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Air Products and Chemicals by 326.7% during 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 in the last quarter. Finally, Aristotle Capital Management LLC boosted its position in shares of Air Products and Chemicals by 0.5% during 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 in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

APD has been the topic of a number of recent analyst reports. Barclays started coverage on Air Products and Chemicals in a report on Monday. They issued an "overweight" rating and a $353.00 price objective on the stock. Citigroup decreased their target price on 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. Royal Bank Of Canada boosted their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, Weiss Ratings lowered shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $334.71.

Air Products and Chemicals Trading Up 1.2%

NYSE:APD opened at $292.42 on Thursday. The company has a market capitalization of $65.12 billion, a PE ratio of -1,329.18, a P/E/G ratio of 2.72 and a beta of 0.76. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The stock's 50 day moving average price is $293.95 and its 200 day moving average price is $293.21. 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 issued its quarterly earnings data 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 positive return on equity of 16.87% and a negative net margin of 0.38%. The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the previous year, the business earned $3.09 earnings per share. The firm'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, research analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm 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 $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's payout ratio is presently -3,290.91%.

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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