Bank of Montreal Can Purchases 6,146 Shares of Air Products and Chemicals, Inc. $APD

Bank of Montreal Can raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 292,131 shares of the basic materials company’s stock after acquiring an additional 6,146 shares during the quarter. Bank of Montreal Can owned approximately 0.13% of Air Products and Chemicals worth $79,670,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in APD. American Century Companies Inc. boosted its stake in Air Products and Chemicals by 10.4% in the second quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock worth $16,258,000 after buying an additional 5,430 shares in the last quarter. Platform Technology Partners increased its position in shares of Air Products and Chemicals by 683.0% in the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock valued at $1,954,000 after acquiring an additional 6,249 shares during the period. Swiss National Bank raised its position in Air Products and Chemicals by 7.4% during the 2nd quarter. Swiss National Bank now owns 673,400 shares of the basic materials company’s stock valued at $189,939,000 after purchasing an additional 46,200 shares during the last quarter. Rockland Trust Co. raised its holdings in shares of Air Products and Chemicals by 5.5% during the third quarter. Rockland Trust Co. now owns 52,590 shares of the basic materials company’s stock valued at $14,342,000 after acquiring an additional 2,741 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Air Products and Chemicals by 16.4% in the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock worth $215,356,000 after purchasing an additional 111,317 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on APD. Deutsche Bank Aktiengesellschaft set a $255.00 target price on shares of Air Products and Chemicals in a research report on Wednesday, December 10th. Jefferies Financial Group upped their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Citigroup upped their price target on Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings raised shares of Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $282.00 target price on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $295.88.

Air Products and Chemicals Trading Up 0.9%

Shares of NYSE:APD opened at $277.69 on Thursday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $301.11. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. The stock has a market cap of $61.83 billion, a price-to-earnings ratio of -183.90, a PEG ratio of 2.70 and a beta of 0.88. The business has a 50-day moving average price of $271.76 and a 200-day moving average price of $266.09.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business earned $2.86 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $1.81 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a yield of 2.6%. Air Products and Chemicals’s dividend payout ratio is presently -474.17%.

Insider Activity

In other news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $284.21, for a total value of $19,944,436.75. Following the transaction, the director directly owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. This trade represents a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.88% of the stock is owned by insiders.

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.