Intech Investment Management LLC Cuts Stock Position in Air Products and Chemicals, Inc. $APD

Intech Investment Management LLC decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,662 shares of the basic materials company’s stock after selling 4,165 shares during the quarter. Intech Investment Management LLC’s holdings in Air Products and Chemicals were worth $5,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in APD. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals during the first quarter worth about $26,000. Cheviot Value Management LLC purchased a new stake in shares of Air Products and Chemicals during the 1st quarter valued at about $27,000. Westside Investment Management Inc. raised its holdings in shares of Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 shares during the period. Financial Connections Group Inc. lifted its position in Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 35 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in Air Products and Chemicals in the 1st quarter worth approximately $37,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 2.4%

APD opened at $253.01 on Tuesday. Air Products and Chemicals, Inc. has a 12-month low of $235.55 and a 12-month high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The stock has a market capitalization of $56.31 billion, a PE ratio of 36.40, a P/E/G ratio of 5.16 and a beta of 0.81. The firm’s fifty day moving average price is $265.17 and its 200 day moving average price is $277.80.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.18 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business earned $3.56 EPS. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS. FY 2026 guidance at 12.850-13.150 EPS. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on APD shares. Royal Bank Of Canada dropped their price objective on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Wells Fargo & Company lowered their price target on shares of Air Products and Chemicals from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, November 7th. JPMorgan Chase & Co. dropped their price target on shares of Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Evercore ISI decreased their price objective on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Finally, UBS Group lowered their target price on Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $313.75.

Air Products and Chemicals Company 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.