Sone Capital Management LLC Makes New Investment in Air Products and Chemicals, Inc. $APD

Sone Capital Management LLC acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, Holdings Channel reports. The fund acquired 2,139 shares of the basic materials company’s stock, valued at approximately $627,000.

A number of other institutional investors have also recently bought and sold shares of APD. Lloyd Advisory Services LLC. purchased a new stake in Air Products and Chemicals during the fourth quarter worth about $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $25,000. Fiduciary Financial Advisors purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $25,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in Air Products and Chemicals in the fourth quarter valued at approximately $25,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $306.14 on Tuesday. The business’s fifty day moving average is $296.28 and its 200 day moving average is $291.09. The firm has a market cap of $68.17 billion, a price-to-earnings ratio of -1,391.54, a PEG ratio of 2.65 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping 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 business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the company earned $3.09 EPS. 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. Research analysts predict that Air Products and Chemicals, Inc. will post 13.45 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. Investors of record on Thursday, October 1st will be paid a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APD shares. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a report on Monday, August 3rd. Evercore reaffirmed an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. Weiss Ratings downgraded Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Mizuho lifted their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, UBS Group boosted their price objective on Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Company 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.