Bessemer Group Inc. Boosts Stock Holdings in Air Products and Chemicals, Inc. $APD

Bessemer Group Inc. grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 32.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,403 shares of the basic materials company’s stock after buying an additional 2,538 shares during the quarter. Bessemer Group Inc.’s holdings in Air Products and Chemicals were worth $2,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of APD. Traub Capital Management LLC bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Air Products and Chemicals during the 2nd quarter valued at about $28,000. Abound Wealth Management increased its position in shares of Air Products and Chemicals by 292.3% during the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after buying an additional 76 shares during the period. Westside Investment Management Inc. increased its position in shares of Air Products and Chemicals by 228.1% during the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in shares of Air Products and Chemicals in the third quarter worth about $34,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Down 0.1%

Shares of NYSE:APD opened at $283.21 on Monday. The firm has a market capitalization of $63.06 billion, a PE ratio of -187.56, a price-to-earnings-growth ratio of 2.77 and a beta of 0.87. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $321.47. The firm has a fifty day moving average of $256.56 and a 200 day moving average of $267.75.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.12. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.86 earnings per share. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be given a dividend of $1.81 per share. The ex-dividend date is Wednesday, April 1st. This is an increase 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 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is -474.17%.

Analyst Ratings Changes

Several brokerages recently commented on APD. Royal Bank Of Canada reduced their price objective on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Sanford C. Bernstein restated an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $250.00 to $270.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price objective on Air Products and Chemicals from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Jefferies Financial Group boosted their target price on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $295.88.

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.