123,171 Air Products and Chemicals, Inc. $APD Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1,407.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,924 shares of the basic materials company’s stock after purchasing an additional 123,171 shares during the period. TD Waterhouse Canada Inc. owned 0.06% of Air Products and Chemicals worth $35,960,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in Air Products and Chemicals by 277.4% in the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock worth $10,597,451,000 after purchasing an additional 28,050,956 shares in the last quarter. BlackRock Inc. bought a new position in shares of Air Products and Chemicals during the 2nd quarter worth approximately $5,370,093,000. Bank of America Corp DE boosted its holdings in shares of Air Products and Chemicals by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock worth $1,290,801,000 after buying an additional 556,188 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Air Products and Chemicals by 326.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock worth $927,010,000 after buying an additional 2,563,873 shares in the last quarter. Finally, Aristotle Capital Management LLC grew its position in shares of Air Products and Chemicals by 0.5% during the 1st quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock worth $779,665,000 after buying an additional 14,262 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Royal Bank Of Canada cut their target price on shares of Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays assumed coverage on shares of Air Products and Chemicals in a report on Monday, October 12th. They issued an “overweight” rating and a $353.00 price target for the company. Evercore reaffirmed an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.88.

Air Products and Chemicals Stock Up 0.9%

Shares of NYSE:APD opened at $299.19 on Friday. The business’s 50 day simple moving average is $293.80 and its two-hundred day simple moving average is $293.28. The firm has a market cap of $66.63 billion, a P/E ratio of -1,359.98, a PEG ratio of 2.82 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. 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 announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The firm had revenue of $3.16 billion during 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 quarter last year, the firm 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, research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 dividend on an annualized basis 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 currently -3,290.91%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.