SCS Capital Management LLC Invests $618,000 in Air Products and Chemicals, Inc. $APD

SCS Capital Management LLC acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,108 shares of the basic materials company’s stock, valued at approximately $618,000.

Several other institutional investors have also recently bought and sold shares of APD. Bank of New York Mellon Corp bought a new stake in Air Products and Chemicals during the second quarter valued at about $495,201,000. S&CO Inc. bought a new stake in Air Products and Chemicals during the 2nd quarter valued at approximately $27,733,000. Stoneridge Investment Partners LLC acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at approximately $558,000. Avalon Trust Co bought a new position in Air Products and Chemicals in the 2nd quarter worth approximately $97,000. Finally, Clearstead Trust LLC bought a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $128,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. 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. Citigroup upped their price objective on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Evercore reissued an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 10th. One investment 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Stock Down 0.0%

Shares of APD stock opened at $308.86 on Monday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. 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 has a fifty day moving average price of $293.47 and a 200 day moving average price of $289.49. The stock has a market cap of $68.78 billion, a P/E ratio of -1,403.92, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company posted $3.09 EPS. The business’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. Analysts predict that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.3%. Air Products and Chemicals’s dividend payout ratio (DPR) 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.