9,047 Shares in Air Products and Chemicals, Inc. $APD Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 9,047 shares of the basic materials company’s stock, valued at approximately $2,653,000.

Other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Air Products and Chemicals by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock valued at $121,909,000 after buying an additional 23,760 shares during the last quarter. Castle Rock Wealth Management LLC purchased a new position in Air Products and Chemicals in the 4th quarter worth $1,649,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Air Products and Chemicals by 22.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,511 shares of the basic materials company’s stock worth $10,007,000 after acquiring an additional 7,485 shares during the period. Staley Capital Advisers Inc. increased its holdings in shares of Air Products and Chemicals by 108.2% in the fourth quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company’s stock valued at $35,579,000 after purchasing an additional 74,868 shares during the period. Finally, Danske Bank A S increased its holdings in shares of Air Products and Chemicals by 9.7% in the fourth quarter. Danske Bank A S now owns 127,263 shares of the basic materials company’s stock valued at $31,437,000 after purchasing an additional 11,263 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Evercore reaffirmed an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. Citigroup increased their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Bank of America raised their price target on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. UBS Group upped their price objective on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Stock Down 0.0%

Air Products and Chemicals stock opened at $308.86 on Monday. The firm has a market cap of $68.78 billion, a price-to-earnings ratio of -1,403.92, a price-to-earnings-growth ratio of 2.68 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 business’s 50-day moving average price is $293.47 and its 200 day moving average price is $289.49. 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 announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the business earned $3.09 earnings per share. Air Products and Chemicals’s quarterly revenue was up 4.6% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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

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.