Panagora Asset Management Inc. Sells 3,038 Shares of Air Products and Chemicals, Inc. $APD

Panagora Asset Management Inc. lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 47.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,325 shares of the basic materials company’s stock after selling 3,038 shares during the quarter. Panagora Asset Management Inc.’s holdings in Air Products and Chemicals were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Oak Capital LLC increased its stake in shares of Air Products and Chemicals by 12.2% during the second quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after purchasing an additional 1,180 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Air Products and Chemicals by 1.8% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 74,225 shares of the basic materials company’s stock worth $20,936,000 after purchasing an additional 1,300 shares in the last quarter. Revisor Wealth Management LLC raised its position in Air Products and Chemicals by 110.4% in the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock worth $966,000 after buying an additional 1,713 shares during the last quarter. Chapin Davis Inc. lifted its position in Air Products and Chemicals by 16.1% during the second quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock valued at $3,147,000 after purchasing an additional 1,551 shares during the period. Finally, Norden Group LLC boosted its stake in shares of Air Products and Chemicals by 167.3% in the 2nd quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock worth $1,636,000 after buying an additional 3,630 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 0.5%

Air Products and Chemicals stock opened at $260.42 on Friday. The firm has a market cap of $57.97 billion, a PE ratio of -146.30, a P/E/G ratio of 2.57 and a beta of 0.86. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. The stock’s 50 day simple moving average is $257.76 and its two-hundred day simple moving average is $276.26. Air Products and Chemicals, Inc. has a 12 month low of $235.55 and a 12 month high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.56 earnings per share. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 2nd will be paid a $1.79 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $7.16 annualized dividend and a dividend yield of 2.7%. Air Products and Chemicals’s dividend payout ratio is -402.25%.

Analysts Set New Price Targets

A number of research firms recently issued reports on APD. Weiss Ratings reissued a “hold (c-)” rating on shares of Air Products and Chemicals in a report on Thursday. Citigroup cut their price objective on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a report on Monday, October 6th. Wells Fargo & Company decreased their target price on Air Products and Chemicals from $345.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. JPMorgan Chase & Co. lowered their price objective on shares of Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $313.75.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.