Corient Private Wealth LP Makes New $71.03 Million Investment in Air Products and Chemicals, Inc. $APD

Corient Private Wealth LP purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 242,273 shares of the basic materials company’s stock, valued at approximately $71,029,000.

Several other hedge funds have also recently modified their holdings of the business. Evolution Wealth Management Inc. purchased a new position in shares of Air Products and Chemicals in the 1st quarter valued at $25,000. Fiduciary Financial Advisors purchased a new position in shares of Air Products and Chemicals in the 2nd quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its stake in shares of Air Products and Chemicals by 318.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 70 shares in the last quarter. Main Street Group LTD purchased a new stake in Air Products and Chemicals during the first quarter valued at approximately $27,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Mizuho lifted their price target on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. BMO Capital Markets upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a report on Friday, May 1st. Wells Fargo & Company raised their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. upped their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Trading Up 1.1%

NYSE:APD opened at $307.33 on Thursday. The company has a market capitalization of $68.44 billion, a P/E ratio of -1,396.95, a PEG ratio of 2.64 and a beta of 0.73. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The firm has a fifty day simple moving average of $297.27 and a 200-day simple moving average of $291.38.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) 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 firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm earned $3.09 EPS. The firm’s 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. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

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 given a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s dividend 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.