S&CO Inc. Takes $27.73 Million Position in Air Products and Chemicals, Inc. $APD

S&CO Inc. acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 94,594 shares of the basic materials company’s stock, valued at approximately $27,733,000. Air Products and Chemicals comprises approximately 1.6% of S&CO Inc.’s portfolio, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lloyd Advisory Services LLC. acquired a new position in Air Products and Chemicals in the 4th quarter worth $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $25,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Air Products and Chemicals during the fourth quarter worth about $26,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $308.86 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The business has a 50-day moving average of $293.47 and a 200-day moving average of $289.30. The stock has a market capitalization of $68.78 billion, a price-to-earnings ratio of -1,403.92, a PEG ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) 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 business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the company posted $3.09 earnings per share. Air Products and Chemicals’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. As a group, sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore reiterated an “outperform” rating and set a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada raised their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Mizuho lifted their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. 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. Based on data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target 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.