Greenwood Capital Associates LLC Boosts Holdings in Air Products and Chemicals, Inc. $APD

Greenwood Capital Associates LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 78.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,832 shares of the basic materials company’s stock after buying an additional 2,563 shares during the period. Greenwood Capital Associates LLC’s holdings in Air Products and Chemicals were worth $1,710,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $5,370,093,000. Capital International Investors lifted its position in Air Products and Chemicals by 44.2% during 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 purchasing an additional 3,922,567 shares in the last quarter. Capital Research Global Investors lifted its position in Air Products and Chemicals by 1.2% during the fourth quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company’s stock valued at $2,940,665,000 after purchasing an additional 137,595 shares in the last quarter. State Street Corp increased its position in Air Products and Chemicals by 3.7% in the fourth quarter. State Street Corp now owns 9,911,504 shares of the basic materials company’s stock worth $2,448,340,000 after buying an additional 352,012 shares in the last quarter. Finally, Dodge & Cox raised its stake in shares of Air Products and Chemicals by 2.6% in the fourth quarter. Dodge & Cox now owns 9,236,610 shares of the basic materials company’s stock worth $2,281,627,000 after buying an additional 231,718 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $308.27 on Friday. The company has a market capitalization of $68.65 billion, a price-to-earnings ratio of -1,401.23, a PEG ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The firm’s 50-day moving average is $298.34 and its 200 day moving average is $291.65. 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 (NYSE:APD) last announced 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. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.09 earnings per share. 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 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Wall Street Analyst Weigh In

APD has been the subject of a number of research reports. UBS Group increased their target price on 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. Royal Bank Of Canada boosted their target price on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Wells Fargo & Company lifted their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein reissued 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. One 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. According to data from MarketBeat, the stock 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.