Air Products and Chemicals, Inc. $APD Shares Sold by Haverford Trust Co

Haverford Trust Co reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 10.5% in the 2nd quarter, Holdings Channel reports. The firm owned 293,540 shares of the basic materials company’s stock after selling 34,543 shares during the quarter. Haverford Trust Co’s holdings in Air Products and Chemicals were worth $86,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at about $5,370,093,000. Norges Bank acquired a new position in shares of Air Products and Chemicals during the fourth quarter worth $1,063,906,000. Capital International Investors boosted its stake in shares of Air Products and Chemicals by 44.2% in the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after purchasing an additional 3,922,567 shares during the period. Viking Global Investors LP acquired a new stake in Air Products and Chemicals during the 2nd quarter valued at $607,601,000. Finally, Bank of New York Mellon Corp purchased a new stake in Air Products and Chemicals during the 2nd quarter worth $495,201,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD opened at $305.55 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The firm has a fifty day moving average of $295.82 and a 200-day moving average of $290.75. The company has a market cap of $68.04 billion, a price-to-earnings ratio of -1,388.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $3.09 EPS. Air Products and Chemicals’s quarterly revenue was up 4.6% on a year-over-year basis. 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. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s payout ratio is -3,290.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on APD. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research note on Monday, August 3rd. Mizuho increased their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. 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. BMO Capital Markets raised 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 report on Friday, May 1st. Finally, Citigroup lifted their target price on Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.