Flputnam Investment Management Co. Grows Stock Position in Air Products and Chemicals, Inc. $APD

Flputnam Investment Management Co. increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 163.1% in the second quarter, Holdings Channel reports. The institutional investor owned 32,592 shares of the basic materials company’s stock after acquiring an additional 20,204 shares during the period. Flputnam Investment Management Co.’s holdings in Air Products and Chemicals were worth $9,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lloyd Advisory Services LLC. purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth about $25,000. Fiduciary Financial Advisors bought a new position in Air Products and Chemicals during the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 4th quarter worth about $25,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in Air Products and Chemicals in the 4th quarter worth about $25,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APD has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. UBS Group raised their price target on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Wells Fargo & Company boosted their price objective 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. Weiss Ratings downgraded Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $332.76.

Air Products and Chemicals Price Performance

NYSE APD opened at $308.27 on Friday. The company has a market cap of $68.65 billion, a PE ratio of -1,401.23, a P/E/G ratio of 2.68 and a beta of 0.73. The firm’s 50 day moving average price is $298.34 and its 200-day moving average price is $291.65. 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, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. 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. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is -3,290.91%.

Air Products and Chemicals Company 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.