Greenwood Capital Associates LLC Purchases 2,563 Shares of Air Products and Chemicals, Inc. $APD

Greenwood Capital Associates LLC grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 78.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,832 shares of the basic materials company’s stock after acquiring an additional 2,563 shares during the period. Greenwood Capital Associates LLC’s holdings in Air Products and Chemicals were worth $1,710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lloyd Advisory Services LLC. bought a new position in Air Products and Chemicals in the fourth quarter worth $25,000. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals during the 1st quarter valued at about $25,000. Fiduciary Financial Advisors purchased a new stake in Air Products and Chemicals in the second quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of 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.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on APD shares. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. UBS Group lifted their price target on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 31st. Royal Bank Of Canada raised their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $332.76.

Air Products and Chemicals Price Performance

NYSE APD opened at $308.27 on Friday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The stock has a 50-day moving average of $298.34 and a 200 day moving average of $291.65. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market capitalization of $68.65 billion, a price-to-earnings ratio of -1,401.23, a PEG ratio of 2.68 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results 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 firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm posted $3.09 EPS. The business’s quarterly 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 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business 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. This represents a $7.24 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s payout ratio is -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.