Air Products and Chemicals, Inc. $APD Shares Acquired by New England Research & Management Inc.

New England Research & Management Inc. lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 676.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,043 shares of the basic materials company’s stock after purchasing an additional 15,718 shares during the quarter. Air Products and Chemicals comprises approximately 1.9% of New England Research & Management Inc.’s investment portfolio, making the stock its 11th biggest position. New England Research & Management Inc.’s holdings in Air Products and Chemicals were worth $4,923,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its holdings in shares of Air Products and Chemicals by 1,407.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 131,924 shares of the basic materials company’s stock worth $35,960,000 after acquiring an additional 123,171 shares during the last quarter. Wealth Intelligence LLC increased its holdings in Air Products and Chemicals by 283.0% in the 3rd quarter. Wealth Intelligence LLC now owns 15,457 shares of the basic materials company’s stock valued at $4,231,000 after purchasing an additional 11,421 shares during the last quarter. Cyndeo Wealth Partners LLC increased its holdings in Air Products and Chemicals by 3,680.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 49,216 shares of the basic materials company’s stock valued at $13,401,000 after purchasing an additional 47,914 shares during the last quarter. Hanson & Doremus Investment Management raised its position in Air Products and Chemicals by 55.3% in the third quarter. Hanson & Doremus Investment Management now owns 4,457 shares of the basic materials company’s stock valued at $1,229,000 after purchasing an additional 1,587 shares during the period. Finally, Aspiriant LLC raised its position in Air Products and Chemicals by 852.8% in the third quarter. Aspiriant LLC now owns 7,699 shares of the basic materials company’s stock valued at $2,101,000 after purchasing an additional 6,891 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on APD shares. Wells Fargo & Company upped their price target on 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. UBS Group dropped their price objective on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 31st. Weiss Ratings downgraded Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $333.88.

Air Products and Chemicals Stock Up 0.9%

Shares of NYSE:APD traded up $2.60 during trading on Friday, hitting $299.19. The company’s stock had a trading volume of 1,215,730 shares, compared to its average volume of 1,153,743. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The business has a 50 day moving average price of $293.80 and a two-hundred day moving average price of $293.28. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market capitalization of $66.63 billion, a PE ratio of -1,359.98, a P/E/G ratio of 2.79 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.13. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations 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%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $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, research analysts expect that Air Products and Chemicals, Inc. will post 13.46 EPS 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 $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.

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.