Meeder Advisory Services Inc. Invests $1.51 Million in Air Products and Chemicals, Inc. $APD

Meeder Advisory Services Inc. purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, according to its most recent filing with the SEC. The fund purchased 5,160 shares of the basic materials company’s stock, valued at approximately $1,513,000.

Several other institutional investors and hedge funds have also made changes to their positions in APD. BlackRock Inc. acquired a new position in Air Products and Chemicals in the second quarter worth $5,370,093,000. Norges Bank bought a new stake in Air Products and Chemicals during the fourth quarter valued at $1,063,906,000. Capital International Investors raised its holdings in shares of Air Products and Chemicals by 44.2% during the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock worth $3,160,023,000 after purchasing an additional 3,922,567 shares during the period. Viking Global Investors LP acquired a new stake in shares of Air Products and Chemicals during the second quarter worth $607,601,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Air Products and Chemicals in the 2nd quarter worth about $495,201,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 0.0%

Air Products and Chemicals stock opened at $303.18 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company has a 50-day simple moving average of $294.91 and a 200-day simple moving average of $290.45. The firm has a market capitalization of $67.51 billion, a P/E ratio of -1,378.09, a P/E/G ratio of 2.63 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share 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%. Air Products and Chemicals’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm 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, equities analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Wall Street Analysts Forecast Growth

APD has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Mizuho raised their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. 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. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a report on Friday, July 31st. Finally, Evercore reiterated 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. One equities 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $332.76.

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.