Bank of New York Mellon Corp Increases Stake in Air Products and Chemicals, Inc. $APD

Bank of New York Mellon Corp increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,933,820 shares of the basic materials company’s stock after purchasing an additional 2,630 shares during the period. Bank of New York Mellon Corp owned approximately 0.87% of Air Products and Chemicals worth $527,391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APD. Financial Connections Group Inc. boosted its position in shares of Air Products and Chemicals by 46.7% during the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares during the period. Meadow Creek Wealth Advisors LLC boosted its holdings in Air Products and Chemicals by 1.6% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock valued at $642,000 after acquiring an additional 35 shares during the period. YANKCOM Partnership grew its position in Air Products and Chemicals by 1.3% in the 2nd quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock valued at $791,000 after acquiring an additional 35 shares during the last quarter. Atlatl Advisers LLC increased its stake in Air Products and Chemicals by 2.5% in the second quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock worth $420,000 after purchasing an additional 37 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Air Products and Chemicals by 7.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 37 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on APD shares. Wall Street Zen downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. Bank of America raised shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 target price on the stock in a research report on Thursday, January 8th. Wolfe Research reiterated an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, December 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Air Products and Chemicals in a report on Monday, December 29th. Finally, Royal Bank Of Canada decreased their target price on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $293.80.

Air Products and Chemicals Trading Down 1.3%

Shares of NYSE:APD opened at $255.82 on Thursday. The company has a market capitalization of $56.94 billion, a PE ratio of -143.72, a P/E/G ratio of 2.55 and a beta of 0.87. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $341.14. The business’s fifty day simple moving average is $254.01 and its 200-day simple moving average is $268.78.

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 analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the company earned $3.56 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 dividend on an annualized basis and a yield of 2.8%. Air Products and Chemicals’s dividend payout ratio is currently -402.25%.

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.