Danske Bank A S Has $59.90 Million Stake in Air Products and Chemicals, Inc. $APD

Key Points

• Danske Bank increased its Air Products and Chemicals stake by 55% in the second quarter, owning 204,306 shares valued at approximately $59.9 million. Institutional investors collectively own 81.66% of APD.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $332.76. Recent targets range from $320 to $350.
• Air Products exceeded quarterly earnings expectations, reporting $3.47 in EPS versus the $3.34 consensus, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81, representing a 2.4% annualized yield.

Danske Bank A S boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 55.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,306 shares of the basic materials company's stock after purchasing an additional 72,515 shares during the period. Danske Bank A S owned about 0.09% of Air Products and Chemicals worth $59,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APD. Diversify Advisory Services LLC bought a new stake in Air Products and Chemicals during the 2nd quarter worth about $8,185,000. Wealthfront Advisers LLC bought a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $5,222,000. Global Strategic Investment Solutions LLC acquired a new stake in shares of Air Products and Chemicals in the second quarter valued at about $203,000. Main Street Financial Solutions LLC increased its position in shares of Air Products and Chemicals by 4.8% in the second quarter. Main Street Financial Solutions LLC now owns 5,242 shares of the basic materials company's stock valued at $1,537,000 after acquiring an additional 238 shares during the last quarter. Finally, First National Bank of Omaha bought a new stake in Air Products and Chemicals during the second quarter worth about $321,000. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

APD has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Air Products and Chemicals from $310.00 to $330.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research note on Monday, August 3rd. Evercore reissued an "outperform" rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Wells Fargo & Company upped 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 research report on Friday, July 31st. One 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $332.76.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $303.53 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The firm has a market cap of $67.59 billion, a P/E ratio of -1,379.69, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. The business's 50 day moving average is $294.38 and its 200-day moving average is $290.12. 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 posted its earnings results 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 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 company's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm 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. Equities research analysts predict that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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 annualized dividend and a yield of 2.4%. Air Products and Chemicals's 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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