Tribune Investment Group LP Invests $2.16 Million in Air Products and Chemicals, Inc. $APD

Key Points

• Tribune Investment Group LP acquired 7,360 shares of Air Products and Chemicals during the second quarter, valued at approximately $2.16 million. Institutional investors collectively own 81.66% of APD’s outstanding stock.
• 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 opening price of $305.55.
• 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. The company also declared a quarterly dividend of $1.81 per share, equivalent to a 2.4% annualized yield.

Tribune Investment Group LP acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,360 shares of the basic materials company's stock, valued at approximately $2,158,000.

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

Analysts Set New Price Targets

A number of research analysts recently commented on APD shares. UBS Group increased their target price on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price objective on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Sanford C. Bernstein reiterated an "outperform" rating and set a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Finally, BMO Capital Markets raised Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 target price for the company in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus target price of $332.76.

Air Products and Chemicals Stock Up 0.1%

APD stock opened at $305.55 on Monday. The company has a fifty day moving average price of $295.82 and a 200 day moving average price of $290.89. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The company has a market cap of $68.04 billion, a price-to-earnings ratio of -1,388.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.73. 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 (NYSE:APD - Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $3.20 billion. During the same period last year, the firm posted $3.09 EPS. Air Products and Chemicals's revenue for the quarter 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. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders 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 2.4%. Air Products and Chemicals's dividend payout ratio is currently -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.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source