Old West Investment Management LLC Invests $16.14 Million in Air Products and Chemicals, Inc. $APD

Key Points

• Old West Investment Management acquired 55,058 shares of Air Products and Chemicals valued at approximately $16.14 million, representing about 1.7% of its portfolio. Institutional investors collectively own 81.66% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $332.76, compared with the stock’s reported price of $308.86.
• Air Products and Chemicals exceeded quarterly EPS expectations, reporting $3.47 versus the $3.34 consensus 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, implying a 2.3% annualized yield.

Old West Investment Management LLC bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 55,058 shares of the basic materials company's stock, valued at approximately $16,142,000. Air Products and Chemicals accounts for about 1.7% of Old West Investment Management LLC's investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in Air Products and Chemicals in the 1st quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 4th quarter valued at $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Air Products and Chemicals during the 4th quarter worth $25,000. Finally, Motiv8 Investments LLC purchased a new position in Air Products and Chemicals during the 4th quarter worth $26,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Weiss Ratings lowered Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Berenberg Bank set a $350.00 price target on Air Products and Chemicals and gave the company a "buy" rating in a research report on Monday, April 20th. UBS Group upped their price objective on Air Products and Chemicals from $330.00 to $336.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One investment 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's stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and an average target price of $332.76.

Air Products and Chemicals Stock Down 0.0%

APD stock opened at $308.86 on Monday. The stock has a market capitalization of $68.78 billion, a PE ratio of -1,403.92, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. The company has a fifty day moving average of $293.47 and a 200-day moving average of $289.49. 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, Inc. has a one year low of $229.11 and a one 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, topping the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion during 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 for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.09 earnings per share. 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, analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

Air Products and Chemicals Profile

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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