Portside Wealth Group LLC Acquires 2,821 Shares of Air Products and Chemicals, Inc. $APD

Portside Wealth Group LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 83.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,201 shares of the basic materials company’s stock after buying 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 SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Air Products and Chemicals by 1.5% in the second quarter. Vanguard Group Inc. now owns 21,739,830 shares of the basic materials company’s stock worth $6,131,936,000 after purchasing an additional 324,885 shares in the last quarter. Nordwand Advisors LLC lifted its position in shares of Air Products and Chemicals by 61,428.9% in the second quarter. Nordwand Advisors LLC now owns 27,688 shares of the basic materials company’s stock worth $7,810,000 after buying an additional 27,643 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Air Products and Chemicals by 10.2% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 6,132 shares of the basic materials company’s stock worth $1,729,000 after acquiring an additional 569 shares in the last quarter. Intrust Bank NA increased its holdings in shares of Air Products and Chemicals by 5.7% during the 2nd quarter. Intrust Bank NA now owns 3,361 shares of the basic materials company’s stock valued at $948,000 after acquiring an additional 182 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Air Products and Chemicals by 41.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 259,313 shares of the basic materials company’s stock valued at $73,142,000 after acquiring an additional 75,882 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on APD shares. Royal Bank Of Canada reduced their target price on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Evercore ISI reduced 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 note on Tuesday, November 11th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Finally, UBS Group cut their target price on shares of Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Friday, November 7th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $313.75.

Air Products and Chemicals Stock Down 2.4%

APD opened at $253.01 on Tuesday. The business has a 50 day moving average of $265.17 and a 200-day moving average of $277.80. The stock has a market capitalization of $56.31 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 5.16 and a beta of 0.81. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 1-year low of $235.55 and a 1-year high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the prior year, the company earned $3.56 EPS. The business’s quarterly revenue 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. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

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.