Air Products and Chemicals, Inc. $APD Shares Sold by Cercano Management LLC

Cercano Management LLC cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 43.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,548 shares of the basic materials company’s stock after selling 79,748 shares during the period. Air Products and Chemicals comprises approximately 0.8% of Cercano Management LLC’s portfolio, making the stock its 29th largest position. Cercano Management LLC’s holdings in Air Products and Chemicals were worth $29,771,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in APD. Saudi Central Bank acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in Air Products and Chemicals during the first quarter worth approximately $27,000. Westside Investment Management Inc. lifted its stake in Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. Financial Connections Group Inc. boosted its holdings in shares of Air Products and Chemicals by 46.7% in the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 35 shares during the period. Finally, Ransom Advisory Ltd purchased a new position in shares of Air Products and Chemicals during the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Mizuho set a $300.00 target price on shares of Air Products and Chemicals in a research note on Friday, November 7th. Evercore ISI lowered their price target on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Finally, UBS Group reduced their price objective on Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $313.75.

Air Products and Chemicals Trading Down 1.3%

Shares of Air Products and Chemicals stock opened at $259.50 on Friday. The firm has a market cap of $57.75 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 5.16 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $235.55 and a 52-week high of $341.14. The company’s 50-day simple moving average is $265.89 and its 200-day simple moving average is $277.89. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

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 analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the company earned $3.56 EPS. The firm’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. FY 2026 guidance at 12.850-13.150 EPS. As a group, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

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.