River Road Asset Management LLC Lowers Position in Air Products and Chemicals, Inc. $APD

Posted by Brenda Bartman on Aug 15th, 2026

River Road Asset Management LLC trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,171 shares of the basic materials company’s stock after selling 2,458 shares during the period. River Road Asset Management LLC’s holdings in Air Products and Chemicals were worth $11,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cary Street Partners Financial LLC lifted its position in shares of Air Products and Chemicals by 2.2% in the 4th quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock worth $399,000 after purchasing an additional 35 shares during the period. Revisor Wealth Management LLC increased its holdings in Air Products and Chemicals by 0.8% during the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock valued at $1,320,000 after buying an additional 36 shares during the period. StoneX Group Inc. increased its holdings in Air Products and Chemicals by 1.3% during the fourth quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock valued at $688,000 after buying an additional 36 shares during the period. CYBER HORNET ETFs LLC lifted its holdings in Air Products and Chemicals by 6.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock worth $159,000 after buying an additional 37 shares during the period. Finally, Baader Bank Aktiengesellschaft lifted its holdings in Air Products and Chemicals by 0.7% during the first quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock worth $1,463,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of several recent research reports. UBS Group boosted their price target on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 target price on shares of Air Products and Chemicals in a report on Friday, July 31st. Mizuho increased their price target on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Evercore restated an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a report on Friday, July 10th. One research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $332.76.

Read Our Latest Research Report on APD

Air Products and Chemicals Stock Performance

Shares of APD opened at $308.86 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The firm has a market cap of $68.78 billion, a PE ratio of -1,403.92, a P/E/G ratio of 2.65 and a beta of 0.73. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The stock has a fifty day moving average price of $293.47 and a 200-day moving average price of $289.30.

Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its 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. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the business earned $3.09 EPS. The firm’s revenue for the quarter 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. Equities research analysts predict 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 firm also recently declared 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 is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. Air Products and Chemicals’s payout ratio is presently -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.