Diversified Trust Co. Grows Stock Holdings in Air Products and Chemicals, Inc. $APD

Diversified Trust Co. grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 230.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,395 shares of the basic materials company’s stock after purchasing an additional 4,458 shares during the quarter. Diversified Trust Co.’s holdings in Air Products and Chemicals were worth $1,875,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Lloyd Advisory Services LLC. purchased a new stake in Air Products and Chemicals during the 4th quarter valued at $25,000. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals during the 1st quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals during the 4th quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new stake in Air Products and Chemicals in the 4th quarter worth approximately $25,000. Finally, Motiv8 Investments LLC purchased a new stake in Air Products and Chemicals during the fourth quarter valued at $26,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 1.1%

Shares of APD opened at $308.86 on Friday. The stock’s 50-day moving average price is $293.47 and its 200-day moving average price is $289.30. The company has a market capitalization of $68.78 billion, a price-to-earnings ratio of -1,403.92, a PEG ratio of 2.65 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 quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research report on Monday, August 3rd. Wells Fargo & Company lifted 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. Evercore reiterated an “outperform” rating and issued a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. Finally, Mizuho boosted their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $332.76.

About Air Products and Chemicals

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.