3,616,538 Shares in Air Products and Chemicals, Inc. $APD Bought by Norges Bank

Norges Bank purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,616,538 shares of the basic materials company’s stock, valued at approximately $1,020,081,000. Norges Bank owned about 1.63% of Air Products and Chemicals as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Saudi Central Bank purchased a new stake in shares of Air Products and Chemicals in the first quarter worth about $26,000. Cheviot Value Management LLC acquired a new position in Air Products and Chemicals in the first quarter valued at approximately $27,000. Traub Capital Management LLC purchased a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $28,000. Westside Investment Management Inc. grew its stake in shares of Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 73 shares during the period. Finally, Financial Connections Group Inc. increased its holdings in shares of Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the topic of a number of recent analyst reports. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. UBS Group lowered their target price on shares of Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada cut their price target on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company reduced their price target on Air Products and Chemicals from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Finally, Wall Street Zen lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $313.75.

Air Products and Chemicals Trading Up 0.8%

Shares of Air Products and Chemicals stock opened at $261.05 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a twelve month low of $235.55 and a twelve month high of $341.14. The firm has a market capitalization of $58.11 billion, a PE ratio of 37.56, a P/E/G ratio of 5.16 and a beta of 0.81. The firm’s 50-day moving average price is $259.14 and its 200 day moving average price is $276.79.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, topping the consensus estimate of $3.38 by $0.01. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.18 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.Air Products and Chemicals’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $3.56 EPS. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS. FY 2026 guidance at 12.850-13.150 EPS. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 2nd will be issued a $1.79 dividend. The ex-dividend date is Friday, January 2nd. This represents a $7.16 dividend on an annualized basis and a yield of 2.7%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -402.25%.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.