Flputnam Investment Management Co. Acquires Shares of 32,592 Air Products and Chemicals, Inc. $APD

Flputnam Investment Management Co. bought a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,592 shares of the basic materials company’s stock, valued at approximately $9,555,000.

A number of other large investors have also made changes to their positions in the company. Evolution Wealth Management Inc. purchased a new stake in shares of Air Products and Chemicals in the 1st quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of Air Products and Chemicals by 318.2% in the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 70 shares in the last quarter. Main Street Group LTD acquired a new stake in shares of Air Products and Chemicals in the first quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Air Products and Chemicals in the fourth quarter worth $25,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals during the fourth quarter valued at $25,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on APD shares. BMO Capital Markets raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research note on Friday, May 1st. Royal Bank Of Canada lifted 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. UBS Group increased their price target on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Bank of America boosted their price objective on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $332.76.

Air Products and Chemicals Price Performance

Shares of 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. The firm has a market cap of $68.78 billion, a PE ratio of -1,403.92, a PEG ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The firm’s 50 day moving average price is $293.47 and its 200 day moving average price is $289.49.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates 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%. Air Products and Chemicals’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.09 EPS. 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, research analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business 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. This represents a $7.24 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is -3,290.91%.

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.