Air Products and Chemicals, Inc. $APD Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 326.7% in the second quarter, HoldingsChannel.com reports. The firm owned 3,348,573 shares of the basic materials company’s stock after buying an additional 2,563,873 shares during the period. Envestnet Asset Management Inc.’s holdings in Air Products and Chemicals were worth $927,010,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of Air Products and Chemicals by 277.4% in the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock valued at $10,597,451,000 after buying an additional 28,050,956 shares in the last quarter. Anchor Investment Management LLC lifted its stake in Air Products and Chemicals by 1,768.1% during the 2nd quarter. Anchor Investment Management LLC now owns 47,039 shares of the basic materials company’s stock worth $12,847,000 after acquiring an additional 44,521 shares in the last quarter. Reynders McVeigh Capital Management LLC boosted its holdings in Air Products and Chemicals by 552.8% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 15,668 shares of the basic materials company’s stock valued at $4,315,000 after acquiring an additional 13,268 shares during the period. U S Wealth Group LLC. grew its position in Air Products and Chemicals by 19.1% in the 2nd quarter. U S Wealth Group LLC. now owns 10,057 shares of the basic materials company’s stock valued at $2,949,000 after acquiring an additional 1,613 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its stake in Air Products and Chemicals by 5.7% during the second quarter. Cidel Asset Management Inc. now owns 1,471 shares of the basic materials company’s stock worth $431,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.4%

Shares of Air Products and Chemicals stock traded down $1.09 on Wednesday, reaching $286.77. 922,868 shares of the company were exchanged, compared to its average volume of 1,300,883. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The company has a market cap of $63.86 billion, a P/E ratio of -1,303.51, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The stock’s 50 day moving average price is $298.45 and its 200-day moving average price is $293.36.

Air Products and Chemicals (NYSE:APD) last issued its 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 negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the company earned $3.09 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. 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, equities analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.

Analysts Set New Price Targets

Several research analysts have recently commented on APD shares. KeyCorp started coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Royal Bank Of Canada increased their target price on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Citigroup increased their target price 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. Deutsche Bank Aktiengesellschaft restated 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. Finally, Argus upped their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $336.53.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.