Danske Bank A S Has $59.90 Million Position in Air Products and Chemicals, Inc. $APD

Danske Bank A S raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 55.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 204,306 shares of the basic materials company’s stock after buying an additional 72,515 shares during the quarter. Danske Bank A S’s holdings in Air Products and Chemicals were worth $59,898,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of APD. Brighton Jones LLC grew its holdings in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 412 shares in the last quarter. Bison Wealth LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at about $245,000. Sei Investments Co. lifted its position in Air Products and Chemicals by 197.6% during the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock worth $79,498,000 after purchasing an additional 187,142 shares during the period. Treasurer of the State of North Carolina grew its stake in Air Products and Chemicals by 2.1% during the second quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock worth $29,271,000 after buying an additional 2,171 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in Air Products and Chemicals by 52.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock valued at $1,873,000 after buying an additional 2,229 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

APD stock opened at $303.53 on Wednesday. The company has a fifty day moving average price of $294.38 and a 200-day moving average price of $290.12. The company has a market capitalization of $67.59 billion, a P/E ratio of -1,379.69, a PEG ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week 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 quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations 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%. Air Products and Chemicals’s revenue for the quarter 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 expect that Air Products and Chemicals, Inc. will post 13.45 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, November 9th. Shareholders of record on Thursday, October 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is -3,290.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APD. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. Bank of America lifted their price objective on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $332.76.

Air Products and Chemicals 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.