Air Products and Chemicals, Inc. $APD Shares Purchased by Bath Savings Trust Co

Bath Savings Trust Co raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 203.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,619 shares of the basic materials company’s stock after acquiring an additional 7,124 shares during the period. Bath Savings Trust Co’s holdings in Air Products and Chemicals were worth $2,911,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APD. State Street Corp increased its position in Air Products and Chemicals by 277.4% in the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock worth $10,597,451,000 after buying an additional 28,050,956 shares during the period. BlackRock Inc. bought a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $5,370,093,000. Bank of America Corp DE grew its stake in shares of Air Products and Chemicals by 14.3% in the first quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock worth $1,290,801,000 after acquiring an additional 556,188 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock worth $927,010,000 after acquiring an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC increased its position in Air Products and Chemicals by 0.5% during the first quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock worth $779,665,000 after acquiring an additional 14,262 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APD. Royal Bank Of Canada increased their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Argus increased their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Citigroup decreased their target price on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Mizuho upped their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $333.56.

Air Products and Chemicals Price Performance

Shares of APD stock traded down $3.09 during mid-day trading on Wednesday, reaching $277.91. The company’s stock had a trading volume of 948,429 shares, compared to its average volume of 1,287,796. The firm’s 50-day moving average is $295.36 and its two-hundred day moving average is $293.30. The company has a market cap of $61.89 billion, a P/E ratio of -1,263.21, a PEG ratio of 2.63 and a beta of 0.76. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08.

Air Products and Chemicals (NYSE:APD) last issued its 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 business had revenue of $3.16 billion for the quarter, compared to analyst estimates 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%. During the same period in the previous year, the business earned $3.09 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. 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 predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued 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 2.6%. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.