Air Products and Chemicals, Inc. $APD Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 26.7% during the first quarter, Holdings Channel reports. The firm owned 57,052 shares of the basic materials company’s stock after purchasing an additional 12,020 shares during the quarter. NewEdge Advisors LLC’s holdings in Air Products and Chemicals were worth $16,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in APD. Richardson Financial Services Inc. grew its holdings in shares of Air Products and Chemicals by 3,233.3% in the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 97 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Air Products and Chemicals during the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in Air Products and Chemicals during the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the 4th quarter valued at approximately $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals in the fourth quarter worth $25,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 1.1%

Shares of NYSE APD opened at $303.35 on Friday. The business has a 50-day moving average of $290.90 and a two-hundred day moving average of $287.76. The company has a market capitalization of $67.55 billion, a price-to-earnings ratio of -1,378.84, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. 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 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) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, analysts forecast that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed 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. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent research reports. Royal Bank Of Canada upped their price objective on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Weiss Ratings downgraded 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. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 31st. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.