NEOS Investment Management LLC Grows Stock Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• NEOS Investment Management increased its Air Products and Chemicals stake by 14.6% in the second quarter, bringing its holdings to 35,766 shares valued at approximately $10.4 million. Institutional investors collectively own 81.66% of APD.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $332.76, compared with the stock’s recent price of $301.19.
• Air Products exceeded quarterly earnings expectations with EPS of $3.47 versus $3.34 forecast, 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.

NEOS Investment Management LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 14.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,766 shares of the basic materials company's stock after acquiring an additional 4,562 shares during the period. NEOS Investment Management LLC's holdings in Air Products and Chemicals were worth $10,421,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new stake in shares of Air Products and Chemicals in the first quarter worth about $25,000. Fiduciary Financial Advisors acquired a new position in Air Products and Chemicals during the 2nd quarter worth approximately $25,000. Cornerstone Planning Group LLC lifted its position in 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 acquiring an additional 70 shares in the last quarter. Main Street Group LTD purchased a new position in Air Products and Chemicals in the 1st quarter worth approximately $27,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $25,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on APD shares. UBS Group boosted 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 report on Friday, July 31st. Mizuho raised their price target on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Weiss Ratings downgraded shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. Royal Bank Of Canada upped their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Finally, Citigroup raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $332.76.

Air Products and Chemicals Stock Down 1.0%

NYSE:APD opened at $301.19 on Friday. The stock has a 50-day simple moving average of $300.91 and a 200 day simple moving average of $292.26. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company has a market capitalization of $67.07 billion, a price-to-earnings ratio of -1,369.05, a price-to-earnings-growth ratio of 3.04 and a beta of 0.75. 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 posted 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. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the company posted $3.09 EPS. The business's revenue was up 4.6% compared to the same quarter last year. 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. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

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