Van ECK Associates Corp trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 14.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,643 shares of the basic materials company's stock after selling 11,997 shares during the period. Van ECK Associates Corp's holdings in Air Products and Chemicals were worth $20,125,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Air Products and Chemicals by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company's stock valued at $121,909,000 after purchasing an additional 23,760 shares during the period. S&CO Inc. bought a new position in shares of Air Products and Chemicals in the second quarter worth $27,733,000. Castle Rock Wealth Management LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth $1,649,000. Staley Capital Advisers Inc. boosted its stake in Air Products and Chemicals by 108.2% during the fourth quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company's stock valued at $35,579,000 after buying an additional 74,868 shares during the period. Finally, ProShare Advisors LLC grew its position in Air Products and Chemicals by 10.9% during the fourth quarter. ProShare Advisors LLC now owns 670,374 shares of the basic materials company's stock worth $165,596,000 after buying an additional 65,999 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.
Air Products and Chemicals Trading Up 0.1%
Shares of APD stock opened at $308.27 on Monday. The business has a 50-day moving average price of $298.34 and a two-hundred day moving average price of $291.69. 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 quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The firm has a market cap of $68.65 billion, a P/E ratio of -1,401.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73.
Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion for 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%.Air Products and Chemicals's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.
Air Products and Chemicals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's payout ratio is presently -3,290.91%.
Analyst Ratings Changes
APD has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. Citigroup upped their price objective on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Mizuho raised their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. 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, 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. 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 stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and an average price target of $332.76.
View Our Latest Stock Analysis on Air Products and Chemicals
About Air Products and Chemicals
(
Free Report)
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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