Air Products and Chemicals, Inc. $APD Stock Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 179.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,570 shares of the basic materials company’s stock after purchasing an additional 8,066 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Air Products and Chemicals were worth $3,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bath Savings Trust Co grew its stake in Air Products and Chemicals by 203.8% in the 3rd quarter. Bath Savings Trust Co now owns 10,619 shares of the basic materials company’s stock worth $2,911,000 after buying an additional 7,124 shares in the last quarter. Greenfield Savings Bank raised its position in shares of Air Products and Chemicals by 157.2% during the 3rd quarter. Greenfield Savings Bank now owns 5,980 shares of the basic materials company’s stock valued at $1,642,000 after buying an additional 3,655 shares in the last quarter. Investors Research Corp lifted its holdings in shares of Air Products and Chemicals by 3.1% during the 3rd quarter. Investors Research Corp now owns 4,108 shares of the basic materials company’s stock worth $1,141,000 after acquiring an additional 125 shares during the last quarter. First Community Trust NA grew its position in Air Products and Chemicals by 242.3% in the third quarter. First Community Trust NA now owns 445 shares of the basic materials company’s stock worth $122,000 after acquiring an additional 315 shares in the last quarter. Finally, Congress Asset Management Co. grew its position in Air Products and Chemicals by 28.1% in the third quarter. Congress Asset Management Co. now owns 5,907 shares of the basic materials company’s stock worth $1,635,000 after acquiring an additional 1,296 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Down 1.1%

Shares of APD stock traded down $3.09 during mid-day trading on Wednesday, reaching $277.91. The stock had a trading volume of 948,429 shares, compared to its average volume of 1,287,796. The stock’s 50-day moving average price is $295.36 and its two-hundred day moving average price is $293.30. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The firm has a market capitalization of $61.89 billion, a PE ratio of -1,263.21, a price-to-earnings-growth ratio of 2.63 and a beta of 0.76. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD) last issued 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 during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Equities analysts expect 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 firm also recently disclosed 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. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is -3,290.91%.

Wall Street Analysts Forecast Growth

APD has been the subject of several analyst reports. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Argus lifted their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Royal Bank Of Canada boosted their target price 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. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 31st. Finally, KeyCorp began coverage on Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $333.56.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.