Air Products and Chemicals, Inc. $APD Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 17.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,308 shares of the basic materials company’s stock after selling 5,425 shares during the period. Meyer Handelman Co.’s holdings in Air Products and Chemicals were worth $7,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APD. Brighton Jones LLC lifted its holdings in shares of Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after buying an additional 412 shares during the period. Bison Wealth LLC purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $245,000. Gabelli Funds LLC lifted its holdings in Air Products and Chemicals by 3.6% in the first quarter. Gabelli Funds LLC now owns 14,072 shares of the basic materials company’s stock valued at $4,150,000 after acquiring an additional 491 shares during the period. Gamco Investors INC. ET AL boosted its position in Air Products and Chemicals by 14.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 4,027 shares of the basic materials company’s stock worth $1,188,000 after purchasing an additional 502 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ grew its stake in shares of Air Products and Chemicals by 0.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 72,325 shares of the basic materials company’s stock worth $21,330,000 after purchasing an additional 186 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Up 0.7%

APD opened at $247.50 on Friday. The company has a market cap of $55.09 billion, a PE ratio of -139.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.86. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $341.14. The company has a 50-day moving average price of $251.05 and a 200 day moving average price of $272.80. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98.

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, topping the consensus estimate of $3.38 by $0.01. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates 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%.Air Products and Chemicals’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $3.56 EPS. 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. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 2nd will be issued a $1.79 dividend. The ex-dividend date is Friday, January 2nd. This represents a $7.16 dividend on an annualized basis and a yield of 2.9%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -402.25%.

Analysts Set New Price Targets

APD has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a report on Wednesday, October 1st. Wall Street Zen downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Royal Bank Of Canada dropped their target price on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Mizuho reduced their price target on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Finally, Argus lowered their price target on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.