OMERS ADMINISTRATION Corp Purchases 1,930 Shares of Air Products and Chemicals, Inc. $APD

OMERS ADMINISTRATION Corp raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,036 shares of the basic materials company’s stock after purchasing an additional 1,930 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Air Products and Chemicals were worth $5,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Tribune Investment Group LP bought a new position in Air Products and Chemicals during the 2nd quarter worth approximately $2,158,000. Jericho Financial LLP boosted its position in shares of Air Products and Chemicals by 2.6% during the second quarter. Jericho Financial LLP now owns 8,494 shares of the basic materials company’s stock worth $2,490,000 after buying an additional 216 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Air Products and Chemicals during the 2nd quarter worth approximately $912,000. Meiji Yasuda Asset Management Co Ltd. grew its position in Air Products and Chemicals by 0.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,924 shares of the basic materials company’s stock valued at $9,066,000 after purchasing an additional 250 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in Air Products and Chemicals during the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $306.14 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The stock has a market cap of $68.17 billion, a PE ratio of -1,391.54, a P/E/G ratio of 2.65 and a beta of 0.73. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The business’s 50-day moving average price is $296.28 and its two-hundred day moving average price is $291.09.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company 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. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -3,290.91%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada upped their price objective on 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. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. BMO Capital Markets raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price for the company in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued 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. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.