Perpetual Ltd Sells 2,513 Shares of Air Products and Chemicals, Inc. $APD

Perpetual Ltd trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 117,032 shares of the basic materials company’s stock after selling 2,513 shares during the period. Perpetual Ltd’s holdings in Air Products and Chemicals were worth $31,917,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of APD. Brighton Jones LLC increased its position in shares of Air Products and Chemicals by 14.5% in the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 412 shares during the last quarter. Bison Wealth LLC bought a new stake in Air Products and Chemicals in the fourth quarter worth $245,000. Wellington Management Group LLP boosted its position in Air Products and Chemicals by 367.0% during the first quarter. Wellington Management Group LLP now owns 40,977 shares of the basic materials company’s stock valued at $12,085,000 after buying an additional 32,202 shares during the period. Groupama Asset Managment bought a new position in shares of Air Products and Chemicals during the first quarter valued at about $525,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Air Products and Chemicals by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 326,508 shares of the basic materials company’s stock worth $96,294,000 after buying an additional 4,372 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.5%

Shares of APD opened at $240.06 on Friday. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $341.14. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. The firm’s 50-day moving average price is $252.22 and its 200-day moving average price is $274.00. The firm has a market capitalization of $53.43 billion, a price-to-earnings ratio of -134.86, a PEG ratio of 2.40 and a beta of 0.86.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. Air Products and Chemicals’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.56 earnings per share. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 2nd will be given a dividend of $1.79 per share. The ex-dividend date is Friday, January 2nd. This represents a $7.16 annualized dividend and a dividend yield of 3.0%. Air Products and Chemicals’s payout ratio is currently -402.25%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APD. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a report on Wednesday, October 1st. Evercore ISI dropped their price objective on 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. Wells Fargo & Company restated an “equal weight” rating and issued a $250.00 target price (down previously from $330.00) on shares of Air Products and Chemicals in a report on Friday. Citigroup lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price target for the company from $300.00 to $245.00 in a report on Monday. Finally, Mizuho cut their price target on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average price target of $292.47.

About Air Products and Chemicals

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.