NewEdge Advisors LLC Increases Stake in Air Products and Chemicals, Inc. $APD

NewEdge Advisors LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 26.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,052 shares of the basic materials company’s stock after buying an additional 12,020 shares during the quarter. NewEdge Advisors LLC’s holdings in Air Products and Chemicals were worth $16,573,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of APD. Cary Street Partners Financial LLC boosted its position in Air Products and Chemicals by 2.2% during the fourth quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock worth $399,000 after acquiring an additional 35 shares during the last quarter. Revisor Wealth Management LLC lifted its stake in Air Products and Chemicals by 0.8% in the 1st quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock worth $1,320,000 after purchasing an additional 36 shares in the last quarter. StoneX Group Inc. boosted its holdings in shares of Air Products and Chemicals by 1.3% during the 4th quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock worth $688,000 after purchasing an additional 36 shares during the last quarter. CYBER HORNET ETFs LLC grew its position in shares of Air Products and Chemicals by 6.1% in the fourth quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock valued at $159,000 after purchasing an additional 37 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft increased its holdings in shares of Air Products and Chemicals by 0.7% in the first quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock valued at $1,463,000 after purchasing an additional 37 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APD has been the topic of a number of analyst reports. Bank of America lifted their price objective on 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. Citigroup raised their target price on Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Berenberg Bank set a $350.00 price objective on shares of Air Products and Chemicals and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $332.76.

Air Products and Chemicals Stock Up 1.1%

Shares of APD opened at $303.35 on Friday. The company’s 50-day moving average price is $290.90 and its 200 day moving average price is $287.76. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The firm has a market cap of $67.55 billion, a P/E ratio of -1,378.84, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping 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 company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm posted $3.09 earnings per share. Air Products and Chemicals’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. On average, sell-side analysts forecast 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. Shareholders of record on Thursday, October 1st will be given 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 yield of 2.4%. Air Products and Chemicals’s payout ratio is presently -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.