Osterweis Capital Management Inc. cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 38.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,429 shares of the basic materials company’s stock after selling 44,017 shares during the period. Osterweis Capital Management Inc.’s holdings in Air Products and Chemicals were worth $20,648,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Air Products and Chemicals by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after buying an additional 23,760 shares during the period. S&CO Inc. purchased a new position in shares of Air Products and Chemicals during the 2nd quarter worth approximately $27,733,000. Castle Rock Wealth Management LLC purchased a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $1,649,000. Staley Capital Advisers Inc. raised its position in shares of Air Products and Chemicals by 108.2% in the 4th quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company’s stock worth $35,579,000 after acquiring an additional 74,868 shares in the last quarter. Finally, Danske Bank A S raised its position in shares of Air Products and Chemicals by 9.7% in the 4th quarter. Danske Bank A S now owns 127,263 shares of the basic materials company’s stock worth $31,437,000 after acquiring an additional 11,263 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on APD. Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Royal Bank Of Canada increased their price objective on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. BMO Capital Markets raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a research report on Friday, May 1st. Finally, Wells Fargo & Company increased their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.76.
Air Products and Chemicals Stock Performance
Shares of APD opened at $306.14 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average price is $296.28 and its 200-day moving average price is $291.09. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The stock has a market cap of $68.17 billion, a P/E ratio of -1,391.54, a P/E/G ratio of 2.65 and a beta of 0.73.
Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.09 EPS. 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. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.
Air Products and Chemicals Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.
Air Products and Chemicals 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.
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