Air Products and Chemicals, Inc. $APD Shares Acquired by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,224 shares of the basic materials company’s stock after purchasing an additional 1,424 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Air Products and Chemicals were worth $5,986,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new position in Air Products and Chemicals in the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in shares of Air Products and Chemicals in the first quarter worth about $27,000. Traub Capital Management LLC purchased a new position in Air Products and Chemicals in the second quarter valued at about $28,000. Westside Investment Management Inc. boosted its holdings in Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Financial Connections Group Inc. grew its stake in 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.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research note on Wednesday, October 1st. Citigroup cut their price target on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. reduced their price objective on shares of Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Evercore ISI dropped their target price on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Finally, UBS Group cut 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $313.75.

Air Products and Chemicals Trading Down 0.1%

NYSE:APD opened at $260.85 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. Air Products and Chemicals, Inc. has a 12-month low of $235.55 and a 12-month high of $341.14. The business has a 50 day simple moving average of $258.60 and a 200 day simple moving average of $276.75. The firm has a market capitalization of $58.06 billion, a P/E ratio of 37.53, a P/E/G ratio of 5.16 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.01. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

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

About Air Products and Chemicals

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.