Saudi Central Bank Acquires 6,591 Shares of Air Products and Chemicals, Inc. $APD

Saudi Central Bank grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 80.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,807 shares of the basic materials company’s stock after purchasing an additional 6,591 shares during the period. Saudi Central Bank’s holdings in Air Products and Chemicals were worth $4,341,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research firms recently issued reports on APD. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Wells Fargo & Company increased their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research note 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. Finally, Mizuho upped their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One 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 stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $332.76.

Air Products and Chemicals Trading Down 0.0%

Shares of Air Products and Chemicals stock opened at $301.19 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The business has a fifty day simple moving average of $300.91 and a two-hundred day simple moving average of $292.35. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The company has a market capitalization of $67.07 billion, a price-to-earnings ratio of -1,369.05, a P/E/G ratio of 3.04 and a beta of 0.75.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous 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. Research 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 declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently -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.