Mediolanum International Funds Ltd Purchases 2,760 Shares of Air Products and Chemicals, Inc. $APD

Mediolanum International Funds Ltd boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 98.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,552 shares of the basic materials company’s stock after acquiring an additional 2,760 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Air Products and Chemicals were worth $1,619,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals in the 1st quarter valued at $25,000. Cornerstone Planning Group LLC lifted its position in shares of Air Products and Chemicals by 318.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. Main Street Group LTD acquired a new stake in Air Products and Chemicals in the first quarter valued at about $27,000. Richardson Financial Services Inc. grew its position in Air Products and Chemicals by 3,233.3% in the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 97 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new position in Air Products and Chemicals in the fourth quarter valued at about $25,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 0.1%

Shares of NYSE APD opened at $296.36 on Wednesday. The company has a 50 day simple moving average of $289.49 and a 200 day simple moving average of $284.69. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The firm has a market cap of $65.99 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.14. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 EPS. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. On average, research analysts forecast that Air Products and Chemicals, Inc. will post 13.22 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 76.61%.

Analyst Ratings Changes

A number of research firms have recently weighed in on APD. Morgan Stanley raised their price target on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Evercore reiterated an “outperform” rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 10th. Sanford C. Bernstein increased their price objective on shares of Air Products and Chemicals from $344.00 to $345.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup raised their target price on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $326.88.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the transaction, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.88% of the stock is currently owned by corporate insiders.

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.