Perpetual Ltd Has $31.92 Million Stake in Air Products and Chemicals, Inc. $APD

Perpetual Ltd cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,032 shares of the basic materials company’s stock after selling 2,513 shares during the quarter. Perpetual Ltd owned 0.05% of Air Products and Chemicals worth $31,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Saudi Central Bank purchased a new stake in Air Products and Chemicals in the 1st quarter valued at $26,000. Traub Capital Management LLC purchased a new position in Air Products and Chemicals during the 2nd quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the 2nd quarter worth $28,000. Westside Investment Management Inc. raised its holdings in shares of Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Financial Connections Group Inc. lifted its position in shares of Air Products and Chemicals by 46.7% during the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.5%

Shares of APD opened at $240.06 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $341.14. The business has a 50-day moving average of $252.22 and a 200 day moving average of $274.00. The firm has a market cap of $53.43 billion, a P/E ratio of -134.86, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating the consensus estimate of $3.38 by $0.01. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 2nd will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s payout ratio is currently -402.25%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. Mizuho reduced their target price on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $255.00 price target on Air Products and Chemicals in a report on Wednesday, December 10th. Argus reduced their price objective on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Citigroup lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their target price for the company from $300.00 to $245.00 in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell 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 $292.47.

About Air Products and Chemicals

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.