HBK Sorce Advisory LLC Makes New $1.09 Million Investment in Air Products and Chemicals, Inc. $APD

HBK Sorce Advisory LLC acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,686 shares of the basic materials company’s stock, valued at approximately $1,088,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APD. Brighton Jones LLC grew its position in Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 412 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $245,000. Sei Investments Co. increased its stake in shares of Air Products and Chemicals by 197.6% in the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock valued at $79,498,000 after buying an additional 187,142 shares during the period. Treasurer of the State of North Carolina raised its holdings in Air Products and Chemicals by 2.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock valued at $29,271,000 after buying an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in Air Products and Chemicals by 52.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock valued at $1,873,000 after buying an additional 2,229 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $308.86 on Monday. 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 fifty-two week low of $229.11 and a fifty-two week high of $314.87. The company has a 50 day simple moving average of $293.47 and a two-hundred day simple moving average of $289.49. The company has a market capitalization of $68.78 billion, a PE ratio of -1,403.92, a P/E/G ratio of 2.68 and a beta of 0.73.

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 (EPS) for the quarter, topping 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 in the previous year, the company earned $3.09 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.3%. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APD shares. Evercore reissued an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. Citigroup raised their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Bank of America increased their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. One equities research 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.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus target price of $332.76.

About Air Products and Chemicals

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.