Rhumbline Advisers Has $107.31 Million Holdings in Air Products and Chemicals, Inc. $APD

Rhumbline Advisers decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 393,473 shares of the basic materials company’s stock after selling 10,986 shares during the quarter. Rhumbline Advisers owned 0.18% of Air Products and Chemicals worth $107,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Traub Capital Management LLC acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals during the second quarter worth $28,000. Abound Wealth Management grew its holdings in shares of Air Products and Chemicals by 292.3% in the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after buying an additional 76 shares during the period. Westside Investment Management Inc. raised its stake in Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after buying an additional 73 shares during the period. Finally, Cloud Capital Management LLC bought a new position in Air Products and Chemicals during the third quarter worth about $34,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

APD opened at $293.13 on Thursday. The business’s 50-day simple moving average is $258.40 and its 200 day simple moving average is $267.79. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $321.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46. The firm has a market capitalization of $65.27 billion, a PE ratio of -194.12, a PEG ratio of 2.85 and a beta of 0.87.

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. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the company earned $2.86 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. 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, sell-side analysts expect 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. Shareholders of record on Wednesday, April 1st will be paid a $1.81 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio is -474.17%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on APD shares. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Bank of America upgraded shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 price objective on the stock in a report on Thursday, January 8th. Evercore lowered their target price on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Sanford C. Bernstein reissued an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Finally, Citigroup increased their price objective on Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $295.88.

Air Products and Chemicals Company 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.