Air Products and Chemicals, Inc. $APD Holdings Increased by Legacy Private Trust Co.

Legacy Private Trust Co. boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1,319.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,217 shares of the basic materials company’s stock after buying an additional 40,173 shares during the period. Air Products and Chemicals makes up 0.6% of Legacy Private Trust Co.’s holdings, making the stock its 26th largest position. Legacy Private Trust Co.’s holdings in Air Products and Chemicals were worth $11,779,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rosenberg Matthew Hamilton grew its position in Air Products and Chemicals by 252.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,540 shares of the basic materials company’s stock worth $696,000 after purchasing an additional 1,819 shares during the last quarter. Acima Private Wealth LLC raised its holdings in shares of Air Products and Chemicals by 244.7% in the third quarter. Acima Private Wealth LLC now owns 5,171 shares of the basic materials company’s stock worth $1,416,000 after buying an additional 3,671 shares during the last quarter. Olistico Wealth LLC lifted its stake in shares of Air Products and Chemicals by 270.5% during the third quarter. Olistico Wealth LLC now owns 741 shares of the basic materials company’s stock worth $203,000 after buying an additional 541 shares during the period. Park National Corp OH grew its holdings in shares of Air Products and Chemicals by 66.7% during the third quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock valued at $6,761,000 after buying an additional 9,817 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. grew its holdings in shares of Air Products and Chemicals by 1,457.1% during the third quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock valued at $7,851,000 after buying an additional 26,956 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD stock traded up $2.76 on Tuesday, hitting $282.21. The company had a trading volume of 266,223 shares, compared to its average volume of 1,286,668. The firm has a market cap of $62.84 billion, a P/E ratio of -1,282.39, a price-to-earnings-growth ratio of 2.61 and a beta of 0.76. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The company has a 50-day moving average price of $295.61 and a 200-day moving average price of $293.30. 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 (NYSE:APD) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.Air Products and Chemicals’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.09 earnings per share. 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 research analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -3,290.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Argus raised their target price on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Royal Bank Of Canada increased their price objective on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. 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. KeyCorp began coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Finally, Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $334.69.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.