Nykredit A S Acquires New Shares in Air Products and Chemicals, Inc. $APD

Key Points

• Nykredit A/S acquired 75,857 shares of Air Products and Chemicals in the second quarter, valued at approximately $22.24 million. Institutional investors collectively own 81.66% of APD’s outstanding shares.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $336.53, compared with the stock’s reported price of $284.13.
• Air Products exceeded quarterly earnings expectations, reporting $3.47 in EPS versus a $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 per share, representing a 2.5% annualized yield.

Nykredit A S purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,857 shares of the basic materials company's stock, valued at approximately $22,240,000.

Several other hedge funds and other institutional investors have also made changes to their positions in APD. Parkside Financial Bank & Trust lifted its holdings in Air Products and Chemicals by 4.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,329 shares of the basic materials company's stock valued at $390,000 after purchasing an additional 51 shares in the last quarter. HORAN Wealth LLC raised its position in shares of Air Products and Chemicals by 2.3% in the second quarter. HORAN Wealth LLC now owns 11,940 shares of the basic materials company's stock valued at $3,501,000 after buying an additional 263 shares during the last quarter. CYBER HORNET ETFs LLC lifted its stake in shares of Air Products and Chemicals by 433.0% during the second quarter. CYBER HORNET ETFs LLC now owns 3,251 shares of the basic materials company's stock valued at $953,000 after buying an additional 2,641 shares during the period. Studio Investment Management LLC boosted its position in Air Products and Chemicals by 4.0% during the second quarter. Studio Investment Management LLC now owns 3,130 shares of the basic materials company's stock worth $918,000 after acquiring an additional 119 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its stake in Air Products and Chemicals by 215.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 2,573 shares of the basic materials company's stock worth $754,000 after acquiring an additional 1,758 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analyst Weigh In

APD has been the subject of several analyst reports. Wells Fargo & Company boosted their price target 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. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research report on Monday, August 3rd. Argus upped their target price on Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a research note on Wednesday, September 9th. Mizuho increased their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $336.53.

Air Products and Chemicals Stock Down 0.7%

Shares of NYSE APD opened at $284.13 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The firm has a fifty day moving average of $299.12 and a 200-day moving average of $293.10. The stock has a market capitalization of $63.27 billion, a PE ratio of -1,291.50, a P/E/G ratio of 2.86 and a beta of 0.75. 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 (NYSE:APD - Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping 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 last year, the company posted $3.09 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. 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 anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders 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 2.5%. The ex-dividend date of this dividend is Thursday, October 1st. 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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