Air Products and Chemicals, Inc. $APD Stock Holdings Boosted by Mystic Asset Management Inc.

Mystic Asset Management Inc. lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 133.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,122 shares of the basic materials company’s stock after acquiring an additional 2,360 shares during the period. Mystic Asset Management Inc.’s holdings in Air Products and Chemicals were worth $1,132,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. S&CO Inc. acquired a new position in Air Products and Chemicals during the second quarter worth $27,733,000. Neville Rodie & Shaw Inc. grew its holdings in shares of Air Products and Chemicals by 1,457.1% in the 3rd 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. Park National Corp OH grew its holdings in shares of Air Products and Chemicals by 66.7% in the 3rd 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. NewEdge Advisors LLC increased its position in shares of Air Products and Chemicals by 26.7% during the 1st 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 in the last quarter. Finally, Rockland Trust Co. increased its position in shares of 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 worth $19,151,000 after purchasing an additional 4,279 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Argus boosted their price target on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. UBS Group cut their target price on shares of 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. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. Wells Fargo & Company increased their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.88.

Air Products and Chemicals Trading Up 1.0%

NYSE:APD traded up $2.85 during trading hours on Thursday, hitting $295.38. 283,493 shares of the stock were exchanged, compared to its average volume of 1,270,838. The company has a market capitalization of $65.78 billion, a P/E ratio of -1,342.65, a price-to-earnings-growth ratio of 2.72 and a beta of 0.76. 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’s 50 day moving average is $293.95 and its two-hundred day moving average is $293.21. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

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