Baxter Bros Inc. Invests $2.53 Million in Air Products and Chemicals, Inc. $APD

Key Points

• Baxter Bros Inc. purchased 8,640 shares of Air Products and Chemicals worth approximately $2.53 million in the second quarter. Institutional investors and hedge funds collectively own 81.66% of APD.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus rating of “Moderate Buy” and an average price target of $332.76.
• Air Products and Chemicals beat quarterly earnings expectations, reporting $3.47 in EPS 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 per share, representing a 2.3% annualized yield.

Baxter Bros Inc. bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,640 shares of the basic materials company's stock, valued at approximately $2,533,000.

A number of other large investors also recently bought and sold shares of APD. Trivium Point Advisory LLC purchased a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $301,000. Longfellow Investment Management Co. LLC purchased a new position in Air Products and Chemicals during the second quarter worth approximately $10,363,000. Old West Investment Management LLC purchased a new position in Air Products and Chemicals during the second quarter worth approximately $16,142,000. HBK Sorce Advisory LLC acquired a new stake in Air Products and Chemicals in the second quarter valued at approximately $1,088,000. Finally, Abbot Financial Management Inc. purchased a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $542,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on APD shares. JPMorgan Chase & Co. upped their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Evercore restated an "outperform" rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 10th. Citigroup increased their price objective on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Finally, Bank of America lifted their target price on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a "neutral" rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $332.76.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $308.86 on Monday. 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 1 year low of $229.11 and a 1 year high of $314.87. The firm has a market capitalization of $68.78 billion, a PE ratio of -1,403.92, a P/E/G ratio of 2.68 and a beta of 0.73. The business's 50 day moving average price is $293.47 and its 200-day moving average price is $289.49.

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 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

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 given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company's product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.

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