MidFirst Bank Makes New Investment in Air Products and Chemicals, Inc. $APD

MidFirst Bank acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, Holdings Channel.com reports. The firm acquired 7,587 shares of the basic materials company’s stock, valued at approximately $2,224,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lloyd Advisory Services LLC. purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in Air Products and Chemicals during the first quarter valued at $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the fourth quarter valued at $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals in the fourth quarter worth about $25,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Air Products and Chemicals in the fourth quarter worth about $26,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 2.7%

Shares of NYSE APD opened at $300.68 on Tuesday. The firm has a market cap of $66.96 billion, a price-to-earnings ratio of -1,366.73, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. The company’s 50-day simple moving average is $293.96 and its 200-day simple moving average is $289.79. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87.

Air Products and Chemicals (NYSE:APD) last released 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. The firm had revenue of $3.16 billion during 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%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Equities analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

Analysts Set New Price Targets

A number of research firms have recently commented on APD. Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a report on Monday, August 3rd. Evercore reissued an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. Berenberg Bank set a $350.00 price objective on Air Products and Chemicals and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Mizuho boosted their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $332.76.

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.