Air Products and Chemicals, Inc. $APD Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 72.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,867 shares of the basic materials company’s stock after selling 4,826 shares during the quarter. Stonegate Investment Group LLC’s holdings in Air Products and Chemicals were worth $509,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the second quarter valued at about $28,000. Traub Capital Management LLC acquired a new stake in shares of Air Products and Chemicals in the second quarter valued at $28,000. Abound Wealth Management raised its position in Air Products and Chemicals by 292.3% in the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Financial Connections Group Inc. raised its holdings in shares of Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

APD opened at $258.91 on Wednesday. The company has a 50 day moving average of $253.96 and a two-hundred day moving average of $268.87. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $341.14. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98. The company has a market cap of $57.63 billion, a P/E ratio of -145.45, a P/E/G ratio of 2.58 and a beta of 0.87.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations 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%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $3.56 EPS. 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. On average, analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $1.81 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date is Wednesday, April 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.8%. Air Products and Chemicals’s payout ratio is -402.25%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APD. Argus cut their target price on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $250.00 target price (down from $330.00) on shares of Air Products and Chemicals in a report on Friday, December 19th. Bank of America raised shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 price objective on the stock in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $255.00 price target on Air Products and Chemicals in a report on Wednesday, December 10th. Finally, UBS Group lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $310.00 to $250.00 in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $293.80.

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.