Mirabaud & Cie SA Sells 2,000 Shares of Air Products and Chemicals, Inc. $APD

Mirabaud & Cie SA decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 39.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,018 shares of the basic materials company’s stock after selling 2,000 shares during the quarter. Mirabaud & Cie SA’s holdings in Air Products and Chemicals were worth $885,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in APD. Armstrong Henry H Associates Inc. lifted its holdings in shares of Air Products and Chemicals by 10.2% in the second quarter. Armstrong Henry H Associates Inc. now owns 55,789 shares of the basic materials company’s stock valued at $16,356,000 after purchasing an additional 5,185 shares in the last quarter. 55 North Private Wealth LLC bought a new stake in Air Products and Chemicals during the second quarter worth $202,000. Chapin Davis Inc. raised its position in Air Products and Chemicals by 0.7% in the 2nd quarter. Chapin Davis Inc. now owns 9,581 shares of the basic materials company’s stock valued at $2,809,000 after buying an additional 65 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in Air Products and Chemicals by 15.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 7,871 shares of the basic materials company’s stock valued at $2,308,000 after buying an additional 1,047 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Air Products and Chemicals by 13.5% during the 2nd quarter. GAMMA Investing LLC now owns 5,324 shares of the basic materials company’s stock valued at $1,561,000 after acquiring an additional 634 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 1.5%

Shares of NYSE:APD opened at $299.66 on Friday. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The company has a market capitalization of $66.73 billion, a PE ratio of -1,362.09, a price-to-earnings-growth ratio of 2.56 and a beta of 0.73. The business has a fifty day moving average price of $290.41 and a two-hundred day moving average price of $287.65. 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 (NYSE:APD) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Analysts forecast that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on APD shares. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. BMO Capital Markets raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research report on Friday, May 1st. Finally, Evercore reiterated an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $332.76.

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.