Envestnet Asset Management Inc. Sells 73,337 Shares of Air Products and Chemicals, Inc. $APD

Envestnet Asset Management Inc. cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 739,632 shares of the basic materials company’s stock after selling 73,337 shares during the period. Envestnet Asset Management Inc.’s holdings in Air Products and Chemicals were worth $201,712,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APD. American Century Companies Inc. grew its stake in shares of Air Products and Chemicals by 10.4% in the second quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock valued at $16,258,000 after acquiring an additional 5,430 shares in the last quarter. Aberdeen Group plc grew its position in shares of Air Products and Chemicals by 4.1% during the 2nd quarter. Aberdeen Group plc now owns 113,027 shares of the basic materials company’s stock worth $31,903,000 after purchasing an additional 4,492 shares in the last quarter. Swiss National Bank increased its holdings in shares of Air Products and Chemicals by 7.4% during the second quarter. Swiss National Bank now owns 673,400 shares of the basic materials company’s stock worth $189,939,000 after purchasing an additional 46,200 shares during the period. Platform Technology Partners raised its position in shares of Air Products and Chemicals by 683.0% in the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock valued at $1,954,000 after buying an additional 6,249 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Air Products and Chemicals by 1.5% in the second quarter. Vanguard Group Inc. now owns 21,739,830 shares of the basic materials company’s stock valued at $6,131,936,000 after buying an additional 324,885 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 1.1%

Shares of NYSE APD opened at $283.48 on Friday. The company has a market cap of $63.12 billion, a price-to-earnings ratio of -187.74, a PEG ratio of 2.81 and a beta of 0.87. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $336.64. The stock has a 50-day moving average price of $256.12 and a two-hundred day moving average price of $268.24.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $2.86 EPS. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio is currently -474.17%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APD shares. Weiss Ratings raised Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, January 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $282.00 price target on shares of Air Products and Chemicals in a research note on Monday. UBS Group upped their price objective on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday. Argus decreased their target price on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Finally, Royal Bank Of Canada cut their price target on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average target price of $295.88.

Air Products and Chemicals Profile

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.