Commerzbank Aktiengesellschaft FI raised its position in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 103.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,346 shares of the basic materials company’s stock after acquiring an additional 4,237 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Air Products and Chemicals were worth $2,277,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in Air Products and Chemicals during the 2nd quarter worth approximately $1,020,081,000. Viking Global Investors LP acquired a new position in shares of Air Products and Chemicals in the second quarter worth $607,601,000. First Trust Advisors LP increased its position in shares of Air Products and Chemicals by 268.7% during the second quarter. First Trust Advisors LP now owns 822,589 shares of the basic materials company’s stock worth $232,019,000 after acquiring an additional 599,513 shares during the period. Franklin Resources Inc. raised its stake in shares of Air Products and Chemicals by 13.3% in the second quarter. Franklin Resources Inc. now owns 3,794,781 shares of the basic materials company’s stock valued at $1,070,356,000 after acquiring an additional 444,855 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Air Products and Chemicals by 43.3% in the second quarter. Invesco Ltd. now owns 1,432,928 shares of the basic materials company’s stock valued at $404,172,000 after purchasing an additional 432,770 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Evercore ISI cut their price target on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Air Products and Chemicals in a research note on Monday, December 29th. Argus decreased their price target on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Citigroup boosted their price target on shares of Air Products and Chemicals from $245.00 to $272.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Air Products and Chemicals in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target of $293.80.
Air Products and Chemicals Stock Performance
Shares of APD opened at $261.09 on Monday. The company has a market capitalization of $58.12 billion, a price-to-earnings ratio of -146.68, a price-to-earnings-growth ratio of 2.57 and a beta of 0.87. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $341.14. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98. The stock has a 50 day moving average price of $253.64 and a 200 day moving average price of $269.33.
Air Products and Chemicals (NYSE:APD – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.56 EPS. 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. Research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.
Air Products and Chemicals Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 2nd will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $7.16 annualized dividend and a dividend yield of 2.7%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -402.25%.
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.
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