Great Lakes Advisors LLC Trims Position in Air Products and Chemicals, Inc. $APD

Great Lakes Advisors LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 34.3% in the third quarter, Holdings Channel.com reports. The fund owned 186,250 shares of the basic materials company’s stock after selling 97,347 shares during the quarter. Great Lakes Advisors LLC’s holdings in Air Products and Chemicals were worth $50,795,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Financial Connections Group Inc. increased its stake in Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 35 shares during the last quarter. Meadow Creek Wealth Advisors LLC increased its position in shares of Air Products and Chemicals by 1.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock worth $642,000 after purchasing an additional 35 shares during the last quarter. YANKCOM Partnership raised its stake in Air Products and Chemicals by 1.3% in the second quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock valued at $791,000 after purchasing an additional 35 shares in the last quarter. Atlatl Advisers LLC increased its holdings in shares of Air Products and Chemicals by 2.5% in the 2nd quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock worth $420,000 after buying an additional 37 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Air Products and Chemicals by 7.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock worth $160,000 after buying an additional 37 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.3%

NYSE:APD opened at $255.82 on Thursday. The firm has a market capitalization of $56.94 billion, a P/E ratio of -143.72, a P/E/G ratio of 2.55 and a beta of 0.87. 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 company has a fifty day moving average of $254.01 and a 200 day moving average of $268.78. 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 released its quarterly earnings data 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 firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. On average, research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be issued a dividend of $1.81 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio is currently -402.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $250.00 target price (down from $330.00) on shares of Air Products and Chemicals in a research report on Friday, December 19th. Wall Street Zen lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Deutsche Bank Aktiengesellschaft set a $255.00 target price on Air Products and Chemicals in a research report on Wednesday, December 10th. UBS Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $310.00 to $250.00 in a research note on Thursday, December 11th. Finally, Citigroup upped their price objective on shares of Air Products and Chemicals from $245.00 to $272.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus 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.