Air Products and Chemicals, Inc. $APD Stock Position Lifted by Park National Corp OH

Park National Corp OH grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 66.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,538 shares of the basic materials company’s stock after purchasing an additional 9,817 shares during the quarter. Park National Corp OH’s holdings in Air Products and Chemicals were worth $6,761,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its stake in shares of Air Products and Chemicals by 277.4% in the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock valued at $10,597,451,000 after purchasing an additional 28,050,956 shares during the period. BlackRock Inc. purchased a new position in Air Products and Chemicals during the second quarter valued at $5,370,093,000. Capital International Investors boosted its holdings in shares of Air Products and Chemicals by 44.2% during the 4th quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after buying an additional 3,922,567 shares in the last quarter. Capital Research Global Investors grew its position in shares of Air Products and Chemicals by 1.2% in the 4th quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company’s stock worth $2,940,665,000 after buying an additional 137,595 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Air Products and Chemicals by 14.3% in the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock worth $1,290,801,000 after acquiring an additional 556,188 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APD shares. UBS Group set a $305.00 price objective on shares of Air Products and Chemicals in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada boosted their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, KeyCorp initiated coverage on Air Products and Chemicals in a report on Thursday, September 10th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $334.69.

Air Products and Chemicals Stock Up 1.4%

APD stock traded up $3.81 during midday trading on Monday, hitting $281.38. The company’s stock had a trading volume of 250,665 shares, compared to its average volume of 1,287,578. The firm’s 50-day moving average is $295.87 and its 200-day moving average is $293.35. 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, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The company has a market cap of $62.66 billion, a PE ratio of -1,279.07, a P/E/G ratio of 2.61 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last posted 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. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the business earned $3.09 earnings per share. The company’s revenue 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. On average, equities 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 declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.

About Air Products and Chemicals

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.