Air Products and Chemicals, Inc. $APD Shares Newly Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, Holdings Channel.com reports. The firm bought 7,469 shares of the basic materials company’s stock, valued at approximately $2,078,000.

Several other hedge funds have also modified their holdings of the stock. Evolution Wealth Management Inc. bought a new position in Air Products and Chemicals in the 1st quarter worth approximately $25,000. Fiduciary Financial Advisors acquired a new position in Air Products and Chemicals during the 2nd quarter worth $25,000. Main Street Group LTD acquired a new position in Air Products and Chemicals during the 1st quarter worth $27,000. Cornerstone Planning Group LLC boosted its position in Air Products and Chemicals by 318.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock valued at $28,000 after buying an additional 70 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. boosted its position in Air Products and Chemicals by 77.6% in the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company’s stock valued at $28,000 after buying an additional 45 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $307.04 on Wednesday. The company’s 50 day simple moving average is $293.71 and its 200 day simple moving average is $289.02. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87.

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, beating analysts’ consensus estimates 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. During the same period in the previous year, the business posted $3.09 earnings per share. Air Products and Chemicals’s 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. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Monday, January 4th will be paid a $1.81 dividend. The ex-dividend date of this dividend is Monday, January 4th. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%.

Analyst Ratings Changes

Several equities research analysts have recently commented on APD shares. Mizuho lifted their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Wells Fargo & Company raised their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Evercore reiterated an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a report on Friday, July 10th. Finally, KeyCorp initiated coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They issued a “sector weight” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $333.88.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.