Air Products and Chemicals, Inc. $APD Shares Purchased by Union Savings Bank

by · The Markets Daily

Union Savings Bank boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 9,231.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,706 shares of the basic materials company’s stock after acquiring an additional 2,677 shares during the quarter. Union Savings Bank’s holdings in Air Products and Chemicals were worth $737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Essex LLC boosted its position in Air Products and Chemicals by 173.4% in the 3rd quarter. Essex LLC now owns 3,158 shares of the basic materials company’s stock valued at $866,000 after buying an additional 2,003 shares during the last quarter. Triumph Capital Management increased its stake in shares of Air Products and Chemicals by 960.0% in the 3rd quarter. Triumph Capital Management now owns 159 shares of the basic materials company’s stock valued at $44,000 after buying an additional 144 shares during the period. Mitchell & Pahl Private Wealth LLC raised its position in shares of Air Products and Chemicals by 34.4% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 13,724 shares of the basic materials company’s stock worth $3,800,000 after acquiring an additional 3,512 shares during the last quarter. Sanders Morris Harris LLC raised its position in shares of Air Products and Chemicals by 121.7% during the third quarter. Sanders Morris Harris LLC now owns 4,578 shares of the basic materials company’s stock worth $1,267,000 after acquiring an additional 2,513 shares during the last quarter. Finally, Adirondack Trust Co. raised its position in shares of Air Products and Chemicals by 217.7% during the third quarter. Adirondack Trust Co. now owns 1,061 shares of the basic materials company’s stock worth $291,000 after acquiring an additional 727 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on APD shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 price target on shares of Air Products and Chemicals in a report on Friday, July 31st. Citigroup lowered their price objective on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Barclays began coverage on Air Products and Chemicals in a report on Monday. They set an “overweight” rating and a $353.00 price objective for the company. KeyCorp initiated coverage on shares of Air Products and Chemicals in a research report on Thursday, September 10th. They set a “sector weight” rating on the stock. Finally, Mizuho raised their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company 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 given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.71.

View Our Latest Report on Air Products and Chemicals

Air Products and Chemicals Trading Up 1.2%

NYSE APD traded up $3.46 on Wednesday, reaching $292.42. The company had a trading volume of 1,046,382 shares, compared to its average volume of 1,275,878. The stock’s 50 day moving average is $293.95 and its 200-day moving average is $293.21. The stock has a market cap of $65.12 billion, a price-to-earnings ratio of -1,329.18, a PEG ratio of 2.67 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. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87.

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 the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm posted $3.09 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. 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. Equities analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -3,290.91%.

Air Products and Chemicals 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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