Anchor Investment Management LLC Acquires 44,521 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Anchor Investment Management increased its Air Products and Chemicals stake by 1,768.1%, purchasing 44,521 additional shares and bringing its holdings to 47,039 shares valued at approximately $12.85 million. Institutional investors collectively 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 slightly short of expectations but grew 4.6% year over year. The company maintained fiscal 2026 EPS guidance of $13.39–$13.49.
• The company declared a quarterly dividend of $1.81 per share, equivalent to an annualized $7.24 dividend and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $336.53.

Anchor Investment Management LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1,768.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,039 shares of the basic materials company's stock after buying an additional 44,521 shares during the quarter. Air Products and Chemicals makes up about 0.9% of Anchor Investment Management LLC's investment portfolio, making the stock its 24th largest position. Anchor Investment Management LLC's holdings in Air Products and Chemicals were worth $12,847,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Air Products and Chemicals during the 2nd quarter valued at approximately $5,370,093,000. Capital International Investors boosted its stake in Air Products and Chemicals by 44.2% during the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company's stock worth $3,160,023,000 after buying an additional 3,922,567 shares during the period. Capital Research Global Investors increased its position in Air Products and Chemicals by 1.2% during the fourth quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company's stock valued at $2,940,665,000 after acquiring an additional 137,595 shares during the last quarter. Bank of America Corp DE raised 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 valued at $1,290,801,000 after acquiring an additional 556,188 shares during the period. Finally, Norges Bank purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $1,063,906,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Up 1.1%

Shares of NYSE APD traded up $3.30 during mid-day trading on Tuesday, reaching $290.43. 994,584 shares of the company were exchanged, compared to its average volume of 1,286,944. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of -1,320.13, a P/E/G ratio of 2.94 and a beta of 0.75. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $300.10 and a 200 day moving average of $292.94.

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 (EPS) 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 firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm earned $3.09 EPS. The company'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, research analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid 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 yield of 2.5%. Air Products and Chemicals's dividend payout ratio is presently -3,290.91%.

Analysts Set New Price Targets

A number of research firms recently commented on APD. Argus lifted their price target on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a research note on Wednesday, September 9th. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. 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 report on Thursday, August 6th. Mizuho upped their target price on 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. Finally, UBS Group increased their price target on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $336.53.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.

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