Concurrent Investment Advisors LLC Raises Stake in Air Products and Chemicals, Inc. $APD

Key Points

• Concurrent Investment Advisors increased its Air Products and Chemicals stake by 13.8% in the second quarter, owning 29,601 shares valued at approximately $8.68 million. Institutional investors collectively hold 81.66% of the company.
• Air Products reported quarterly earnings of $3.47 per share, exceeding estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion but fell short of expectations.
• The company declared a quarterly dividend of $1.81 per share, equivalent to $7.24 annually and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $332.76.

Concurrent Investment Advisors LLC lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,601 shares of the basic materials company's stock after acquiring an additional 3,597 shares during the period. Concurrent Investment Advisors LLC's holdings in Air Products and Chemicals were worth $8,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Lloyd Advisory Services LLC. purchased a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in Air Products and Chemicals during the first quarter worth $25,000. Fiduciary Financial Advisors purchased a new stake in Air Products and Chemicals in the second quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the fourth quarter valued at $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $25,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

NYSE APD opened at $301.19 on Friday. The company has a fifty day moving average of $300.91 and a two-hundred day moving average of $292.26. The company has a market capitalization of $67.07 billion, a PE ratio of -1,369.05, a P/E/G ratio of 3.04 and a beta of 0.75. 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.

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 for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share 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. Shareholders 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 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals's payout ratio is currently -3,290.91%.

Analyst Upgrades and Downgrades

A number of research firms have commented on APD. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Evercore restated an "outperform" rating and set a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. Citigroup lifted their price objective on Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and a consensus price target of $332.76.

Air Products and Chemicals Company 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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