Air Products and Chemicals, Inc. $APD Stake Lifted by Radnor Capital Management LLC

Radnor Capital Management LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 45.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,375 shares of the basic materials company’s stock after purchasing an additional 1,981 shares during the period. Radnor Capital Management LLC’s holdings in Air Products and Chemicals were worth $1,774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of APD. S&CO Inc. acquired a new position in Air Products and Chemicals in the second quarter valued at $27,733,000. 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 worth $6,761,000 after purchasing an additional 9,817 shares during the last quarter. 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 worth $7,851,000 after purchasing an additional 26,956 shares during the last quarter. NewEdge Advisors LLC grew 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 worth $16,573,000 after purchasing an additional 12,020 shares during the last quarter. Finally, Rockland Trust Co. increased its position in shares of Air Products and Chemicals by 7.0% during the second quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock worth $19,151,000 after purchasing an additional 4,279 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup cut their target price on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Sanford C. Bernstein reissued an “outperform” rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Mizuho raised their price target 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. Barclays started coverage on Air Products and Chemicals in a research note on Monday, October 12th. They set an “overweight” rating and a $353.00 price target on the stock. Finally, Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $333.88.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $307.28 on Friday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The stock has a market capitalization of $68.43 billion, a price-to-earnings ratio of -1,396.72, a PEG ratio of 2.89 and a beta of 0.76. The company has a 50-day simple moving average of $293.49 and a 200-day simple moving average of $293.71. 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 (NYSE:APD) last released 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 for 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%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last 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. On average, analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Monday, January 4th will be given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, January 4th. 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 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.