NewEdge Advisors LLC Has $15.29 Million Stake in Air Products and Chemicals, Inc. $APD

Key Points

• NewEdge Advisors reduced its Air Products and Chemicals stake by 8.6% in the second quarter, selling 4,897 shares and retaining 52,155 shares valued at approximately $15.29 million. Institutional investors and hedge funds collectively own 81.66% of APD.
• Analysts maintain a generally positive view, with APD receiving a consensus “Moderate Buy” rating and an average price target of $336.53; several firms recently raised their targets to between $350 and $360.
• 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 per share, equivalent to a 2.5% annualized yield.

NewEdge Advisors LLC decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,155 shares of the basic materials company's stock after selling 4,897 shares during the period. NewEdge Advisors LLC's holdings in Air Products and Chemicals were worth $15,291,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC grew its stake in shares of Air Products and Chemicals by 2.2% in the 4th quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company's stock valued at $399,000 after buying an additional 35 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Air Products and Chemicals by 0.9% during the second quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company's stock worth $1,147,000 after purchasing an additional 35 shares during the period. Revisor Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 0.8% in the 1st quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company's stock worth $1,320,000 after purchasing an additional 36 shares in the last quarter. StoneX Group Inc. lifted its holdings in shares of Air Products and Chemicals by 1.3% in the 4th quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company's stock worth $688,000 after purchasing an additional 36 shares in the last quarter. Finally, CYBER HORNET ETFs LLC grew its position in Air Products and Chemicals by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company's stock valued at $159,000 after purchasing an additional 37 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on APD shares. Wells Fargo & Company raised their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. 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 research report on Friday, July 31st. Citigroup boosted their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada increased 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 note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of "Moderate Buy" and a consensus target price of $336.53.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $291.70 on Friday. The company has a market capitalization of $64.96 billion, a P/E ratio of -1,325.90, a P/E/G ratio of 2.96 and a beta of 0.75. The business has a fifty day simple moving average of $300.55 and a two-hundred day simple moving average of $292.81. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. 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 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 negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm posted $3.09 earnings per share. The company's quarterly 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. On average, analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals's payout ratio is currently -3,290.91%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.

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