Handelsbanken Fonder AB Acquires 4,986 Shares of Air Products and Chemicals, Inc. $APD

Handelsbanken Fonder AB boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 5.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,749 shares of the basic materials company's stock after acquiring an additional 4,986 shares during the period. Handelsbanken Fonder AB's holdings in Air Products and Chemicals were worth $28,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Lloyd Advisory Services LLC. bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $25,000. Finally, Motiv8 Investments LLC bought a new position in Air Products and Chemicals in the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on APD shares. Berenberg Bank set a $350.00 price objective on shares of Air Products and Chemicals and gave the stock a "buy" rating in a research report on Monday, April 20th. Bank of America increased their target price on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 21st. Weiss Ratings cut Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Citigroup boosted their price target 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. Finally, Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a report on Monday, August 3rd. One investment 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 an average rating of "Moderate Buy" and an average price target of $332.76.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $309.34 on Wednesday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The company's 50 day moving average price is $292.08 and its two-hundred day moving average price is $288.57. The firm has a market cap of $68.89 billion, a PE ratio of -1,406.10, a PEG ratio of 2.68 and a beta of 0.73. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.13. The business 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% compared to the same quarter last year. During the same period 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 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 business 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 dividend of $1.81 per share. 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 presently -3,290.91%.

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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