Korea Investment CORP Purchases 21,960 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Korea Investment CORP increased its Air Products and Chemicals stake by 35.4% in the second quarter, adding 21,960 shares for a total of 83,954 shares valued at $24.6 million. Institutional investors collectively own 81.66% of the company.
• Analysts maintain a “Moderate Buy” consensus on APD, with one Strong Buy, ten Buy, and six Hold ratings and an average price target of $332.76.
• Air Products exceeded quarterly EPS expectations, reporting $3.47 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.

Korea Investment CORP increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 35.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,954 shares of the basic materials company's stock after buying an additional 21,960 shares during the period. Korea Investment CORP's holdings in Air Products and Chemicals were worth $24,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Air Products and Chemicals by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company's stock valued at $121,909,000 after buying an additional 23,760 shares during the last quarter. S&CO Inc. purchased a new stake in shares of Air Products and Chemicals in the second quarter worth $27,733,000. Castle Rock Wealth Management LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter worth $1,649,000. Staley Capital Advisers Inc. increased its holdings in shares of Air Products and Chemicals by 108.2% during the fourth quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company's stock valued at $35,579,000 after acquiring an additional 74,868 shares in the last quarter. Finally, Danske Bank A S raised its position in shares of Air Products and Chemicals by 9.7% in the 4th quarter. Danske Bank A S now owns 127,263 shares of the basic materials company's stock worth $31,437,000 after purchasing an additional 11,263 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on APD. UBS Group upped their target price on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research report on Monday, August 3rd. 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. Finally, Evercore reissued an "outperform" rating and issued a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $332.76.

Air Products and Chemicals Stock Up 0.1%

APD stock opened at $305.55 on Monday. The business's 50-day moving average price is $295.82 and its 200-day moving average price is $290.89. The stock has a market cap of $68.04 billion, a P/E ratio of -1,388.86, a PEG ratio of 2.65 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, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion for 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 was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.09 EPS. 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, equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's payout ratio is currently -3,290.91%.

About Air Products and Chemicals

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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