Kingsview Wealth Management LLC Takes Position in Air Products and Chemicals, Inc. $APD

Key Points

• Kingsview Wealth Management initiated a position in Air Products and Chemicals, purchasing 20,285 shares valued at approximately $5.95 million. Institutional investors collectively own 81.66% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $332.76; Mizuho and RBC recently raised their targets to $355 and $360, respectively.
• Air Products exceeded quarterly earnings expectations with EPS of $3.47 versus the $3.34 estimate, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81, representing a 2.3% annualized yield.

Kingsview Wealth Management LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,285 shares of the basic materials company's stock, valued at approximately $5,947,000.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Air Products and Chemicals during the 2nd quarter worth approximately $5,370,093,000. Norges Bank acquired a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $1,063,906,000. Bank of America Corp DE purchased a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at $1,216,976,000. Capital International Investors boosted its holdings in shares of 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 valued at $3,160,023,000 after acquiring an additional 3,922,567 shares during the last quarter. Finally, Viking Global Investors LP acquired a new stake in shares of Air Products and Chemicals in the second quarter worth $607,601,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APD. Mizuho boosted their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Royal Bank Of Canada lifted their price objective on Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Weiss Ratings cut Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. One 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 an average price target of $332.76.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $308.27 on Friday. The company's fifty day moving average price is $298.34 and its 200 day moving average price is $291.65. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The company has a market capitalization of $68.65 billion, a PE ratio of -1,401.23, a price-to-earnings-growth ratio of 2.65 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08.

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, 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 negative net margin of 0.38% and a positive return on equity of 16.87%. 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 company 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. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's payout ratio is currently -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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