Air Products and Chemicals, Inc. $APD Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 17.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,308 shares of the basic materials company’s stock after selling 5,425 shares during the quarter. Meyer Handelman Co.’s holdings in Air Products and Chemicals were worth $7,175,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Signature Resources Capital Management LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter valued at about $591,000. Greenup Street Wealth Management LLC boosted its holdings in Air Products and Chemicals by 108.5% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 9,373 shares of the basic materials company’s stock valued at $2,556,000 after purchasing an additional 4,877 shares during the last quarter. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at approximately $303,000. Blue Trust Inc. increased its holdings in shares of Air Products and Chemicals by 1.8% during the 3rd quarter. Blue Trust Inc. now owns 3,365 shares of the basic materials company’s stock worth $918,000 after buying an additional 61 shares during the last quarter. Finally, Randall & Associates Wealth Management purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at approximately $319,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

NYSE APD opened at $247.50 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20. The company has a market cap of $55.09 billion, a P/E ratio of -139.04, a P/E/G ratio of 2.42 and a beta of 0.86. The stock has a 50-day moving average of $251.05 and a two-hundred day moving average of $272.80. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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 negative net margin of 3.28% and a positive return on equity of 15.18%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the firm posted $3.56 earnings per share. The business’s revenue for the quarter 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 and its FY 2026 guidance at 12.850-13.150 EPS. As a group, analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 2nd will be paid a $1.79 dividend. The ex-dividend date is Friday, January 2nd. This represents a $7.16 annualized dividend and a dividend yield of 2.9%. Air Products and Chemicals’s payout ratio is -402.25%.

Analyst Ratings Changes

APD has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. UBS Group cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $310.00 to $250.00 in a report on Thursday, December 11th. Mizuho reduced their price objective 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, December 18th. Citigroup lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $300.00 to $245.00 in a research note on Monday, December 15th. Finally, Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $292.47.

Air Products and Chemicals Company 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.