Air Products and Chemicals, Inc. $APD Stock Acquired by Vista Investment Partners LLC

Key Points

• Vista Investment Partners increased its Air Products and Chemicals stake by 86.9% in the third quarter, bringing its holdings to 9,270 shares valued at approximately $2.55 million. Institutional investors collectively own 81.66% of the company.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a consensus price target of $333.56, above the reported share price of $278.38.
• Air Products exceeded quarterly EPS expectations with $3.47 per share versus the $3.34 consensus estimate, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81, representing a 2.6% annualized yield.

Vista Investment Partners LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 86.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,270 shares of the basic materials company's stock after acquiring an additional 4,310 shares during the period. Vista Investment Partners LLC's holdings in Air Products and Chemicals were worth $2,553,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted 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 purchasing an additional 28,050,956 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Air Products and Chemicals in the second quarter valued at $5,370,093,000. Bank of America Corp DE purchased a new position in shares of Air Products and Chemicals during the 2nd quarter valued at $1,216,976,000. Envestnet Asset Management Inc. lifted 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 valued at $927,010,000 after buying an additional 2,563,873 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Air Products and Chemicals during the 2nd quarter worth $495,201,000. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on APD shares. Argus boosted their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a research note on Wednesday, September 9th. Royal Bank Of Canada boosted their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Mizuho lifted their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, 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 report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $333.56.

Air Products and Chemicals Price Performance

Shares of APD stock traded up $0.26 during trading hours on Thursday, reaching $278.38. The stock had a trading volume of 271,406 shares, compared to its average volume of 1,282,460. The stock's fifty day simple moving average is $295.02 and its 200 day simple moving average is $293.25. The firm has a market capitalization of $61.99 billion, a PE ratio of -1,265.36, a PEG ratio of 2.64 and a beta of 0.76. 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 current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

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 earnings per share for the quarter, topping 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 business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm posted $3.09 EPS. Air Products and Chemicals's revenue 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, equities research analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is -3,290.91%.

Air Products and Chemicals Company 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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