Air Products and Chemicals, Inc. $APD Shares Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 121.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,578 shares of the basic materials company’s stock after purchasing an additional 2,513 shares during the period. Sanders Morris Harris LLC’s holdings in Air Products and Chemicals were worth $1,267,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Street Corp lifted its position 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 during the period. BlackRock Inc. bought a new stake in Air Products and Chemicals in the 2nd quarter valued at $5,370,093,000. Bank of America Corp DE acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at $1,216,976,000. Envestnet Asset Management Inc. raised its stake in shares of Air Products and Chemicals by 326.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock valued at $927,010,000 after buying an additional 2,563,873 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Air Products and Chemicals during the 2nd quarter worth about $495,201,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on APD shares. Evercore reiterated an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 10th. KeyCorp assumed coverage on shares of Air Products and Chemicals in a research report on Thursday, September 10th. They issued a “sector weight” rating for the company. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Weiss Ratings cut 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, Mizuho lifted their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.71.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock traded up $3.46 during mid-day trading on Wednesday, hitting $292.42. 1,046,382 shares of the company were exchanged, compared to its average volume of 1,275,878. The company has a market capitalization of $65.12 billion, a PE ratio of -1,329.18, a price-to-earnings-growth ratio of 2.67 and a beta of 0.76. The business has a fifty day moving average of $294.01 and a 200 day moving average of $293.22. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year 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.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the company earned $3.09 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. 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, sell-side analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio 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.