Anchor Investment Management LLC Grows Stock Position in Air Products and Chemicals, Inc. $APD

Anchor Investment Management LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1,768.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,039 shares of the basic materials company’s stock after acquiring an additional 44,521 shares during the quarter. Air Products and Chemicals makes up approximately 0.9% of Anchor Investment Management LLC’s investment portfolio, making the stock its 24th largest position. Anchor Investment Management LLC’s holdings in Air Products and Chemicals were worth $12,847,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lloyd Advisory Services LLC. purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in Air Products and Chemicals during the 1st quarter valued at about $25,000. Fiduciary Financial Advisors purchased a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $25,000. Main Street Group LTD acquired a new stake in shares of Air Products and Chemicals in the first quarter valued at approximately $27,000. Finally, Cornerstone Planning Group LLC boosted its stake in Air Products and Chemicals by 318.2% during the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Shares of NYSE APD traded up $3.30 during midday trading on Tuesday, reaching $290.43. 994,584 shares of the company were exchanged, compared to its average volume of 1,286,944. The stock has a market cap of $64.68 billion, a P/E ratio of -1,320.13, a PEG ratio of 2.94 and a beta of 0.75. 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 stock has a fifty day simple moving average of $300.10 and a 200 day simple moving average of $292.94. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87.

Air Products and Chemicals (NYSE:APD) last issued its quarterly 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. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $3.09 earnings per share. 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, research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal 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 dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APD. Evercore reiterated an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Royal Bank Of Canada lifted 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 report on Thursday, August 6th. Citigroup upped their price target on Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, KeyCorp initiated coverage on shares of Air Products and Chemicals in a research report on Thursday. They set a “sector weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company 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.