Greenfield Savings Bank Purchases 3,655 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Greenfield Savings Bank increased its Air Products and Chemicals position by 157.2% in the third quarter, acquiring 3,655 additional shares for a total of 5,980 shares valued at approximately $1.64 million.
• Air Products and Chemicals 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. Institutional investors own 81.66% of the company.
• The company declared a quarterly dividend of $1.81 per share, equivalent to $7.24 annually and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $333.56.

Greenfield Savings Bank increased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 157.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,980 shares of the basic materials company's stock after acquiring an additional 3,655 shares during the quarter. Greenfield Savings Bank's holdings in Air Products and Chemicals were worth $1,642,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of APD. Evolution Wealth Management Inc. acquired a new stake in shares of Air Products and Chemicals in the first quarter valued at about $25,000. Fiduciary Financial Advisors bought a new position in shares of Air Products and Chemicals in the second quarter worth about $25,000. Cornerstone Planning Group LLC lifted its position in shares of Air Products and Chemicals by 318.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company's stock worth $28,000 after purchasing an additional 70 shares during the last quarter. Main Street Group LTD bought a new stake in Air Products and Chemicals during the 1st quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at approximately $35,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE:APD traded down $3.09 during midday trading on Wednesday, reaching $277.91. 948,429 shares of the company's stock were exchanged, compared to its average volume of 1,287,796. 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 company's 50 day simple moving average is $295.36 and its two-hundred day simple moving average is $293.30. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The firm has a market capitalization of $61.89 billion, a PE ratio of -1,263.21, a price-to-earnings-growth ratio of 2.63 and a beta of 0.76.

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, beating 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 business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the previous year, the firm posted $3.09 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. 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 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. Air Products and Chemicals's dividend payout ratio is presently -3,290.91%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on APD shares. Royal Bank Of Canada upped their price target on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Argus boosted their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a research report on Wednesday, September 9th. Sanford C. Bernstein reiterated an "outperform" rating and set a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. UBS Group reduced their price target on shares of Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating for the company in a report on Monday. Finally, Weiss Ratings lowered 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 equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $333.56.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.

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