Air Products and Chemicals, Inc. $APD Stock Holdings Lifted by State Street Corp

State Street Corp increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 277.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,161,451 shares of the basic materials company’s stock after acquiring an additional 28,050,956 shares during the quarter. State Street Corp owned approximately 0.17% of Air Products and Chemicals worth $10,597,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APD. S&CO Inc. bought a new stake in Air Products and Chemicals in the 2nd quarter valued at about $27,733,000. Rockland Trust Co. raised its holdings in shares of Air Products and Chemicals by 7.0% during the second quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock valued at $19,151,000 after buying an additional 4,279 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Air Products and Chemicals by 26.7% during the first quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock worth $16,573,000 after buying an additional 12,020 shares during the period. Summitry LLC acquired a new position in Air Products and Chemicals during the 1st quarter worth $25,562,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Air Products and Chemicals by 5.4% in the second quarter. Handelsbanken Fonder AB now owns 96,749 shares of the basic materials company’s stock worth $28,365,000 after purchasing an additional 4,986 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on APD. Wells Fargo & Company increased their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. UBS Group upped their price objective on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Mizuho boosted their price target on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. KeyCorp began coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Finally, Argus raised their target price on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus target price of $336.53.

Air Products and Chemicals Trading Up 2.4%

NYSE APD traded up $6.65 during trading hours on Tuesday, hitting $286.11. The company’s stock had a trading volume of 416,252 shares, compared to its average volume of 1,293,393. The stock has a fifty day moving average of $298.68 and a 200 day moving average of $293.26. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The firm has a market capitalization of $63.71 billion, a P/E ratio of -1,301.39, a PEG ratio of 2.86 and a beta of 0.75.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the firm posted $3.09 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. 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. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.