Wealth Enhancement Advisory Services LLC Reduces Holdings in Air Products and Chemicals, Inc. $APD

Wealth Enhancement Advisory Services LLC lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 52.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,672 shares of the basic materials company’s stock after selling 89,779 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Air Products and Chemicals were worth $24,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $1,063,906,000. Capital International Investors boosted its holdings in 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 position in shares of Air Products and Chemicals during the second quarter worth about $607,601,000. Clearbridge Investments LLC grew its holdings in Air Products and Chemicals by 70.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,694,659 shares of the basic materials company’s stock worth $665,609,000 after acquiring an additional 1,111,378 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Air Products and Chemicals by 644.6% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock worth $281,258,000 after purchasing an additional 892,793 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on APD shares. JPMorgan Chase & Co. raised their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. UBS Group increased their target price on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Bank of America raised their target price on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Mizuho boosted their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $332.76.

Read Our Latest Research Report on Air Products and Chemicals

Air Products and Chemicals Stock Down 1.9%

APD stock opened at $303.42 on Thursday. The company has a 50 day moving average price of $292.50 and a two-hundred day moving average price of $288.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market capitalization of $67.57 billion, a P/E ratio of -1,379.18, a PEG ratio of 2.69 and a beta of 0.73. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87.

Air Products and Chemicals (NYSE:APDGet Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.13. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.09 earnings per share. 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, sell-side analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Air Products and Chemicals Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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