The Manufacturers Life Insurance Company Lowers Stake in Air Products and Chemicals, Inc. $APD

The Manufacturers Life Insurance Company cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,169 shares of the basic materials company’s stock after selling 4,892 shares during the period. The Manufacturers Life Insurance Company’s holdings in Air Products and Chemicals were worth $32,886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Lloyd Advisory Services LLC. purchased a new position in Air Products and Chemicals during the fourth quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in Air Products and Chemicals in the first quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $25,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APD. Citigroup increased their target price 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. KeyCorp initiated coverage on shares of Air Products and Chemicals in a report on Thursday. They issued a “sector weight” rating for the company. Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 31st. Finally, UBS Group lifted their target price on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a research 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 given a Hold rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.53.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $291.70 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The firm has a market capitalization of $64.96 billion, a PE ratio of -1,325.90, a P/E/G ratio of 2.94 and a beta of 0.75. The business’s 50 day moving average price is $300.55 and its 200-day moving average price is $292.81.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.09 EPS. 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. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

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

Air Products and Chemicals Company 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.