Cardinal Capital Management Inc. Grows Stock Holdings in Air Products and Chemicals, Inc. $APD

Cardinal Capital Management Inc. lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 7.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,116 shares of the basic materials company's stock after buying an additional 9,363 shares during the quarter. Cardinal Capital Management Inc. owned approximately 0.06% of Air Products and Chemicals worth $40,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Air Products and Chemicals by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 22,304,678 shares of the basic materials company's stock worth $5,509,702,000 after purchasing an additional 303,944 shares during the last quarter. Capital International Investors boosted its holdings in Air Products and Chemicals by 44.2% in the 4th 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 last quarter. Capital Research Global Investors increased its stake in Air Products and Chemicals by 1.2% during the 4th quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company's stock worth $2,940,665,000 after buying an additional 137,595 shares in the last quarter. State Street Corp raised its holdings in shares of Air Products and Chemicals by 3.7% during the fourth quarter. State Street Corp now owns 9,911,504 shares of the basic materials company's stock valued at $2,448,340,000 after acquiring an additional 352,012 shares during the last quarter. Finally, Dodge & Cox raised its holdings in shares of Air Products and Chemicals by 2.6% during the fourth quarter. Dodge & Cox now owns 9,236,610 shares of the basic materials company's stock valued at $2,281,627,000 after acquiring an additional 231,718 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE:APD opened at $309.34 on Wednesday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market cap of $68.89 billion, a PE ratio of -1,406.10, a P/E/G ratio of 2.68 and a beta of 0.73. The stock has a 50 day moving average price of $292.08 and a 200 day moving average price of $288.57.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates 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 for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.09 earnings per share. 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. Equities research analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.3%. Air Products and Chemicals's payout ratio is presently -3,290.91%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APD shares. Mizuho lifted their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. UBS Group raised their price objective on Air Products and Chemicals from $330.00 to $336.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Berenberg Bank set a $350.00 target price on shares of Air Products and Chemicals and gave the stock a "buy" rating in a research note on Monday, April 20th. Bank of America upped their target price on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the stock a "neutral" rating in a report on Tuesday, April 21st. Finally, Weiss Ratings cut shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus target price of $332.76.

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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