Air Products and Chemicals, Inc. $APD Stake Raised by Portside Wealth Group LLC

Portside Wealth Group LLC grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 83.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,201 shares of the basic materials company’s stock after purchasing an additional 2,821 shares during the period. Portside Wealth Group LLC’s holdings in Air Products and Chemicals were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission.

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

Air Products and Chemicals Stock Down 2.4%

APD stock opened at $253.01 on Tuesday. The company has a 50 day moving average of $265.17 and a two-hundred day moving average of $277.80. The company has a market cap of $56.31 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 5.16 and a beta of 0.81. 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 quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the business posted $3.56 earnings per share. Air Products and Chemicals’s revenue for the quarter was down .6% compared to the same quarter last year. 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. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APD shares. Mizuho set a $300.00 price objective on Air Products and Chemicals in a report on Friday, November 7th. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. JPMorgan Chase & Co. decreased 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 note on Friday, November 7th. Royal Bank Of Canada cut their target price 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. Finally, Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, 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.