Air Products and Chemicals, Inc. $APD Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,933,820 shares of the basic materials company’s stock after buying an additional 2,630 shares during the quarter. Bank of New York Mellon Corp’s holdings in Air Products and Chemicals were worth $527,391,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Valeo Financial Advisors LLC increased its holdings in shares of Air Products and Chemicals by 23.6% during the third quarter. Valeo Financial Advisors LLC now owns 4,534 shares of the basic materials company’s stock valued at $1,237,000 after acquiring an additional 866 shares in the last quarter. EPG Wealth Management LLC grew its position in Air Products and Chemicals by 6.0% during the 3rd quarter. EPG Wealth Management LLC now owns 1,919 shares of the basic materials company’s stock worth $523,000 after purchasing an additional 109 shares during the last quarter. AGH Wealth Advisors LLC increased its stake in Air Products and Chemicals by 16.4% during the 3rd quarter. AGH Wealth Advisors LLC now owns 1,095 shares of the basic materials company’s stock valued at $299,000 after purchasing an additional 154 shares in the last quarter. Pines Wealth Management LLC acquired a new position in Air Products and Chemicals during the 3rd quarter valued at approximately $219,000. Finally, Stablepoint Partners LLC raised its holdings in shares of Air Products and Chemicals by 8.6% in the third quarter. Stablepoint Partners LLC now owns 5,892 shares of the basic materials company’s stock worth $1,607,000 after buying an additional 469 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 1.3%

Air Products and Chemicals stock opened at $255.82 on Thursday. The business’s 50-day moving average price is $254.01 and its 200 day moving average price is $268.78. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98. The firm has a market cap of $56.94 billion, a price-to-earnings ratio of -143.72, a price-to-earnings-growth ratio of 2.55 and a beta of 0.87. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.Air Products and Chemicals’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $3.56 earnings per share. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be issued a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 dividend on an annualized basis and a yield of 2.8%. Air Products and Chemicals’s dividend payout ratio is presently -402.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Evercore ISI dropped their price objective on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Wells Fargo & Company reiterated an “equal weight” rating and set a $250.00 price target (down previously from $330.00) on shares of Air Products and Chemicals in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft set a $255.00 price objective on Air Products and Chemicals in a report on Wednesday, December 10th. JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Air Products and Chemicals in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.80.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.