Thurston Springer Miller Herd & Titak Inc. Sells 11,782 Shares of Air Products and Chemicals, Inc. $APD

Thurston Springer Miller Herd & Titak Inc. cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 92.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,028 shares of the basic materials company’s stock after selling 11,782 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Air Products and Chemicals were worth $280,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of APD. Norges Bank acquired a new stake in shares of Air Products and Chemicals during the second quarter worth about $1,020,081,000. Viking Global Investors LP bought a new stake in Air Products and Chemicals during the 2nd quarter worth approximately $607,601,000. Dodge & Cox raised its holdings in Air Products and Chemicals by 31.5% during the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after buying an additional 2,096,568 shares during the period. First Trust Advisors LP lifted its stake in Air Products and Chemicals by 268.7% in the second quarter. First Trust Advisors LP now owns 822,589 shares of the basic materials company’s stock valued at $232,019,000 after buying an additional 599,513 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Air Products and Chemicals by 13.3% in the second quarter. Franklin Resources Inc. now owns 3,794,781 shares of the basic materials company’s stock valued at $1,070,356,000 after buying an additional 444,855 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 1.1%

Shares of NYSE:APD opened at $242.33 on Wednesday. The company’s 50-day moving average price is $253.38 and its two-hundred day moving average price is $274.68. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $341.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20. The stock has a market capitalization of $53.94 billion, a PE ratio of -136.14, a price-to-earnings-growth ratio of 2.41 and a beta of 0.86.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.01. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the company earned $3.56 EPS. Air Products and Chemicals’s revenue for the quarter was down .6% compared to the same quarter last year. 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. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 2nd will be paid a $1.79 dividend. The ex-dividend date is Friday, January 2nd. This represents a $7.16 dividend on an annualized basis and a yield of 3.0%. Air Products and Chemicals’s dividend payout ratio is -402.25%.

Analysts Set New Price Targets

APD has been the topic of a number of research analyst reports. Wolfe Research restated an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a report on Monday, December 8th. Argus lowered their target price on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of Air Products and Chemicals in a research note on Tuesday, December 9th. Royal Bank Of Canada reduced their price objective on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Finally, Citigroup downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $300.00 to $245.00 in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.47.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.