Dakota Community Bank & Trust NA Acquires 1,873 Shares of Air Products and Chemicals, Inc. $APD

Dakota Community Bank & Trust NA boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 251.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,619 shares of the basic materials company’s stock after buying an additional 1,873 shares during the period. Air Products and Chemicals accounts for 1.9% of Dakota Community Bank & Trust NA’s investment portfolio, making the stock its 15th largest position. Dakota Community Bank & Trust NA’s holdings in Air Products and Chemicals were worth $717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of APD. S&CO Inc. purchased a new position in shares of Air Products and Chemicals in the 2nd quarter worth about $27,733,000. Neville Rodie & Shaw Inc. lifted its position in Air Products and Chemicals by 1,457.1% in 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 purchasing an additional 26,956 shares during the last quarter. Park National Corp OH raised its holdings in Air Products and Chemicals by 66.7% during the 3rd 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. NewEdge Advisors LLC raised its holdings in shares of Air Products and Chemicals by 26.7% during the first quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock valued at $16,573,000 after acquiring an additional 12,020 shares in the last quarter. Finally, Rockland Trust Co. increased its position in Air Products and Chemicals by 7.0% during the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock valued at $19,151,000 after purchasing an additional 4,279 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Evercore reaffirmed 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. Mizuho increased their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $333.56.

Air Products and Chemicals Price Performance

APD stock traded up $4.18 during mid-day trading on Friday, hitting $282.56. The company had a trading volume of 188,058 shares, compared to its average volume of 1,279,728. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $294.58 and a 200 day moving average price of $293.23. The company has a market capitalization of $62.92 billion, a price-to-earnings ratio of -1,282.82, a P/E/G ratio of 2.62 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company 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. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

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

Air Products and Chemicals 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.