SCS Capital Management LLC Makes New Investment in Air Products and Chemicals, Inc. $APD

SCS Capital Management LLC acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,108 shares of the basic materials company’s stock, valued at approximately $618,000.

Several other large investors have also made changes to their positions in APD. Bank of New York Mellon Corp acquired a new stake in shares of Air Products and Chemicals during the 2nd quarter worth about $495,201,000. S&CO Inc. bought a new position in Air Products and Chemicals during the 2nd quarter valued at about $27,733,000. Stoneridge Investment Partners LLC acquired a new position in Air Products and Chemicals in the second quarter valued at about $558,000. Avalon Trust Co acquired a new position in Air Products and Chemicals in the second quarter valued at about $97,000. Finally, Clearstead Trust LLC bought a new stake in Air Products and Chemicals during the second quarter worth about $128,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD opened at $308.86 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a market capitalization of $68.78 billion, a P/E ratio of -1,403.92, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. The company’s 50 day simple moving average is $293.47 and its 200-day simple moving average is $289.49. 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) last posted its quarterly earnings data 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 negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company posted $3.09 EPS. Air Products and Chemicals’s 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. Sell-side analysts anticipate 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. Stockholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on APD shares. BMO Capital Markets raised shares of 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 report on Friday, May 1st. Royal Bank Of Canada increased their price target on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Citigroup raised their price target on Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $332.76.

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.