Douglas Lane & Associates LLC Reduces Stock Holdings in Air Products and Chemicals, Inc. $APD

Douglas Lane & Associates LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 341,165 shares of the basic materials company’s stock after selling 4,749 shares during the period. Air Products and Chemicals comprises 1.2% of Douglas Lane & Associates LLC’s holdings, making the stock its 21st largest position. Douglas Lane & Associates LLC owned about 0.15% of Air Products and Chemicals worth $94,908,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. S&CO Inc. bought a new stake in Air Products and Chemicals in the 2nd quarter valued at $27,733,000. Neville Rodie & Shaw Inc. boosted its stake in shares of Air Products and Chemicals by 1,457.1% in the third quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock valued at $7,851,000 after buying an additional 26,956 shares during the period. Park National Corp OH increased its position in shares of Air Products and Chemicals by 66.7% in the third quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock worth $6,761,000 after purchasing an additional 9,817 shares during the period. NewEdge Advisors LLC grew its stake in Air Products and Chemicals by 26.7% during the first quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock worth $16,573,000 after buying an additional 12,020 shares in the last quarter. Finally, Rockland Trust Co. lifted its holdings in shares of Air Products and Chemicals by 7.0% during the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock worth $19,151,000 after acquiring an additional 4,279 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 1.5%

NYSE:APD traded up $4.18 during trading hours on Friday, hitting $282.56. 188,058 shares of the company traded hands, compared to its average volume of 1,279,728. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The firm’s 50-day simple moving average is $294.58 and its 200-day simple moving average is $293.23. The company has a market cap of $62.92 billion, a PE ratio of -1,282.82, a PEG ratio of 2.62 and a beta of 0.76. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD) last issued its quarterly 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 business had revenue of $3.16 billion for the quarter, compared to analyst estimates 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%.Air Products and Chemicals’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $3.09 earnings per share. 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. Equities analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current 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 paid a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Wells Fargo & Company increased their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Argus raised their price objective on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Finally, Evercore reissued 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 equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $333.56.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.