Corient Private Wealth LP Purchases New Shares in Air Products and Chemicals, Inc. $APD

Corient Private Wealth LP purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 242,273 shares of the basic materials company’s stock, valued at approximately $71,029,000. Corient Private Wealth LP owned about 0.11% of Air Products and Chemicals as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Lloyd Advisory Services LLC. purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth about $25,000. Fiduciary Financial Advisors bought a new position in Air Products and Chemicals during the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 4th quarter worth about $25,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in Air Products and Chemicals in the 4th quarter worth about $25,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APD. Wells Fargo & Company boosted their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Royal Bank Of Canada boosted their price objective on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings downgraded Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. BMO Capital Markets upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a research note on Friday, May 1st. Finally, Mizuho lifted their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research report 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, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $307.33 on Thursday. The company has a market capitalization of $68.44 billion, a P/E ratio of -1,396.95, a P/E/G ratio of 2.64 and a beta of 0.73. The company’s 50-day simple moving average is $297.27 and its two-hundred day simple moving average is $291.38. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one 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 posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. The firm 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 company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s payout ratio is -3,290.91%.

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.