Trajan Wealth LLC Buys 9,933 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Trajan Wealth increased its Air Products and Chemicals stake by 48.7% in the second quarter, buying 9,933 shares to own 30,326 shares valued at approximately $8.9 million. Institutional investors collectively hold 81.66% of the company.
• Air Products exceeded quarterly earnings expectations, reporting $3.47 EPS versus the $3.34 consensus, while revenue rose 4.6% year over year to $3.16 billion. The company maintained a quarterly dividend of $1.81, equivalent to a 2.4% annualized yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $332.76, above the reported share price of $306.14.

Trajan Wealth LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 48.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,326 shares of the basic materials company's stock after purchasing an additional 9,933 shares during the period. Trajan Wealth LLC's holdings in Air Products and Chemicals were worth $8,891,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at $5,370,093,000. Norges Bank acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at $1,063,906,000. Capital International Investors boosted its holdings in Air Products and Chemicals by 44.2% in the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company's stock valued at $3,160,023,000 after acquiring an additional 3,922,567 shares during the last quarter. Viking Global Investors LP acquired a new stake in Air Products and Chemicals in the second quarter worth about $607,601,000. Finally, Bank of New York Mellon Corp bought a new stake in Air Products and Chemicals during the 2nd quarter worth about $495,201,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $306.14 on Tuesday. The firm has a market cap of $68.17 billion, a PE ratio of -1,391.54, a PEG ratio of 2.65 and a beta of 0.73. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The company has a fifty day moving average price of $296.28 and a 200 day moving average price of $291.09.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 positive return on equity of 16.87% and a negative net margin of 0.38%.The company's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Research analysts predict that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company 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. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals's payout ratio is presently -3,290.91%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. BMO Capital Markets raised Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 price objective for the company in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Citigroup increased their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Finally, Evercore restated an "outperform" rating and set a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. One 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 data from MarketBeat, Air Products and Chemicals currently has an average rating of "Moderate Buy" and an average price target of $332.76.

Air Products and Chemicals Company 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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