Smith Chas P & Associates PA Cpas Reduces Position in Air Products and Chemicals, Inc. $APD

Smith Chas P & Associates PA Cpas trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,657 shares of the basic materials company’s stock after selling 2,059 shares during the period. Air Products and Chemicals comprises 1.9% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 25th biggest holding. Smith Chas P & Associates PA Cpas owned approximately 0.06% of Air Products and Chemicals worth $38,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC grew its stake in shares of Air Products and Chemicals by 2.2% during the fourth quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock valued at $399,000 after buying an additional 35 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Air Products and Chemicals by 0.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock worth $1,147,000 after acquiring an additional 35 shares during the last quarter. Revisor Wealth Management LLC boosted its holdings in 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 valued at $1,320,000 after acquiring an additional 36 shares during the period. StoneX Group Inc. boosted its holdings in Air Products and Chemicals by 1.3% during the 4th quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock valued at $688,000 after acquiring an additional 36 shares during the period. Finally, CYBER HORNET ETFs LLC grew its position in Air Products and Chemicals by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock valued at $159,000 after acquiring an additional 37 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Down 0.7%

NYSE:APD traded down $1.95 during mid-day trading on Friday, reaching $291.70. The company’s stock had a trading volume of 921,197 shares, compared to its average volume of 1,290,593. 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 1 year low of $229.11 and a 1 year high of $314.87. The stock has a fifty day moving average of $300.99 and a 200-day moving average of $292.82. The firm has a market capitalization of $64.96 billion, a PE ratio of -1,325.90, a price-to-earnings-growth ratio of 2.98 and a beta of 0.75.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the business posted $3.09 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. 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 research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a $1.81 dividend. 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 (DPR) is currently -3,290.91%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. 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. UBS Group upped their price target on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Argus raised their price target on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, KeyCorp began coverage on shares of Air Products and Chemicals in a research report on Thursday. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $336.53.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.