5,026 Air Products and Chemicals, Inc. $APD Shares Bought by Mechanics Bank Trust Department

by · The Markets Daily

Mechanics Bank Trust Department increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 501.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,029 shares of the basic materials company’s stock after acquiring an additional 5,026 shares during the quarter. Mechanics Bank Trust Department’s holdings in Air Products and Chemicals were worth $1,647,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL raised its stake in shares of Air Products and Chemicals by 0.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock valued at $1,147,000 after buying an additional 35 shares in the last quarter. Revisor Wealth Management LLC lifted its position in shares of Air Products and Chemicals by 0.8% during the 1st quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock worth $1,320,000 after buying an additional 36 shares during the period. Baader Bank Aktiengesellschaft lifted its position in shares of Air Products and Chemicals by 0.7% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock worth $1,463,000 after buying an additional 37 shares during the period. Northcape Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 0.4% in the 2nd quarter. Northcape Wealth Management LLC now owns 8,753 shares of the basic materials company’s stock valued at $2,566,000 after purchasing an additional 37 shares in the last quarter. Finally, Planning Strategies Inc. boosted its position in Air Products and Chemicals by 10.7% in the third quarter. Planning Strategies Inc. now owns 393 shares of the basic materials company’s stock valued at $109,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on APD shares. Evercore restated an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. Sanford C. Bernstein reiterated an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Barclays initiated coverage on Air Products and Chemicals in a report on Monday. They issued an “overweight” rating and a $353.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Mizuho lifted their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.71.

View Our Latest Stock Report on Air Products and Chemicals

Air Products and Chemicals Stock Up 1.8%

NYSE APD traded up $5.25 during trading on Tuesday, hitting $289.12. The stock had a trading volume of 891,364 shares, compared to its average volume of 1,277,052. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The company’s 50-day moving average price is $294.01 and its two-hundred day moving average price is $293.22. The company has a market capitalization of $64.38 billion, a PE ratio of -1,314.19, a P/E/G ratio of 2.65 and a beta of 0.76. 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 – Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, sell-side analysts forecast 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, November 9th. Stockholders of record on Thursday, October 1st will be paid 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 dividend yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

Air Products and Chemicals Company Profile

(Free Report)

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.

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