MidFirst Bank Makes New Investment in Air Products and Chemicals, Inc. $APD

Key Points

• MidFirst Bank bought 7,587 shares of Air Products and Chemicals during the second quarter, valued at approximately $2.2 million. Institutional investors collectively own 81.66% of APD’s outstanding shares.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $332.76 average price target; recent targets range from $303 to $360.
• APD reported quarterly adjusted earnings of $3.47 per share, exceeding estimates, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, equivalent to a 2.4% annualized yield.

MidFirst Bank bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,587 shares of the basic materials company's stock, valued at approximately $2,224,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after purchasing an additional 412 shares during the last quarter. Bison Wealth LLC bought a new stake in Air Products and Chemicals during the 4th quarter valued at about $245,000. Sei Investments Co. boosted its position in Air Products and Chemicals by 197.6% in the 2nd quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company's stock valued at $79,498,000 after buying an additional 187,142 shares during the period. Treasurer of the State of North Carolina grew its stake in Air Products and Chemicals by 2.1% in the second quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company's stock worth $29,271,000 after purchasing an additional 2,171 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its position in shares of Air Products and Chemicals by 52.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company's stock worth $1,873,000 after buying an additional 2,229 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APD has been the topic of a number of analyst reports. Mizuho lifted their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. UBS Group boosted their target price on 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. Bank of America increased their price target on Air Products and Chemicals from $280.00 to $303.00 and gave the company a "neutral" rating in a research note on Tuesday, April 21st. Finally, BMO Capital Markets upgraded Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 price target on the stock in a research note on Friday, May 1st. One investment 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 stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus price target of $332.76.

Air Products and Chemicals Price Performance

NYSE APD opened at $300.68 on Tuesday. The company has a market cap of $66.96 billion, a price-to-earnings ratio of -1,366.73, a PEG ratio of 2.68 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The stock's fifty day moving average price is $293.96 and its 200 day moving average price is $289.79. 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 issued its quarterly 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 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 was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is -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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