Air Products and Chemicals, Inc. $APD Stock Bought by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB increased its Air Products and Chemicals stake by 267.6% in the third quarter, adding 56,359 shares to hold 77,419 shares worth approximately $21.2 million. Institutional investors and hedge funds own 81.66% of the company.
• Air Products reported quarterly EPS of $3.47, exceeding analysts’ $3.34 estimate, while revenue of $3.16 billion fell short of the $3.20 billion consensus but rose 4.6% year over year.
• The company declared a quarterly dividend of $1.81, equivalent to $7.24 annually and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $336.62, compared with a recent share price of $277.98.

MassMutual Private Wealth & Trust FSB increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 267.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,419 shares of the basic materials company's stock after buying an additional 56,359 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Air Products and Chemicals were worth $21,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Gamco Investors INC. ET AL boosted its position in Air Products and Chemicals by 0.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company's stock worth $1,147,000 after acquiring an additional 35 shares during the period. Revisor Wealth Management LLC lifted its position in shares of Air Products and Chemicals by 0.8% in the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company's stock worth $1,320,000 after purchasing an additional 36 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in shares of Air Products and Chemicals by 0.7% during the first quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company's stock worth $1,463,000 after purchasing an additional 37 shares during the period. Northcape Wealth Management LLC grew its position in Air Products and Chemicals by 0.4% during the second quarter. Northcape Wealth Management LLC now owns 8,753 shares of the basic materials company's stock valued at $2,566,000 after purchasing an additional 37 shares in the last quarter. Finally, Planning Strategies Inc. grew its position in Air Products and Chemicals by 10.7% during the third quarter. Planning Strategies Inc. now owns 393 shares of the basic materials company's stock valued at $109,000 after purchasing an additional 38 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $277.98 on Monday. The business has a 50-day moving average of $295.87 and a two-hundred day moving average of $293.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The stock has a market capitalization of $61.90 billion, a P/E ratio of -1,263.56, a P/E/G ratio of 2.61 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. Air Products and Chemicals's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.09 EPS. 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 fiscal year.

Air Products and Chemicals Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. KeyCorp initiated coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They issued a "sector weight" rating on the stock. Argus lifted their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a research report on Wednesday, September 9th. Royal Bank Of Canada boosted their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Finally, Citigroup upped their target price on Air Products and Chemicals from $315.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $336.62.

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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