NewEdge Advisors LLC Cuts Position in Air Products and Chemicals, Inc. $APD

NewEdge Advisors LLC cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 52,155 shares of the basic materials company’s stock after selling 4,897 shares during the period. NewEdge Advisors LLC’s holdings in Air Products and Chemicals were worth $15,291,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Evolution Wealth Management Inc. bought a new stake in shares of Air Products and Chemicals in the 1st quarter worth approximately $25,000. Fiduciary Financial Advisors purchased a new position in shares of Air Products and Chemicals in the second quarter worth about $25,000. Cornerstone Planning Group LLC lifted its stake in shares of Air Products and Chemicals by 318.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 70 shares during the last quarter. Main Street Group LTD purchased a new stake in Air Products and Chemicals during the 1st quarter valued at about $27,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Air Products and Chemicals in the 4th quarter worth approximately $25,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. UBS Group raised their target price on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Citigroup upped their price target on Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $336.53.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $291.70 on Friday. The company has a 50 day simple moving average of $300.55 and a two-hundred day simple moving average of $292.81. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The company has a market capitalization of $64.96 billion, a price-to-earnings ratio of -1,325.90, a P/E/G ratio of 2.96 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08.

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

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s payout ratio is -3,290.91%.

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.