Air Products and Chemicals, Inc. $APD Stock: Carderock Capital Management Inc. Reduces Position

Carderock Capital Management Inc. cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 7.9% during the third quarter, Holdings Channel reports. The firm owned 21,658 shares of the basic materials company’s stock after selling 1,847 shares during the period. Carderock Capital Management Inc.’s holdings in Air Products and Chemicals were worth $6,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of APD. Evolution Wealth Management Inc. purchased a new position in shares of Air Products and Chemicals during the 1st quarter valued at about $25,000. Fiduciary Financial Advisors acquired a new stake in Air Products and Chemicals during the second quarter valued at $25,000. Cornerstone Planning Group LLC raised its position in shares of Air Products and Chemicals by 318.2% in the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 70 shares during the period. Main Street Group LTD purchased a new stake in shares of Air Products and Chemicals in the first quarter valued at approximately $27,000. Finally, MJT & Associates Financial Advisory Group Inc. lifted its holdings in Air Products and Chemicals by 77.6% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.3%

Shares of NYSE:APD opened at $307.28 on Friday. The company’s 50 day moving average is $293.49 and its two-hundred day moving average is $293.71. The company has a market cap of $68.43 billion, a PE ratio of -1,396.72, a P/E/G ratio of 2.90 and a beta of 0.76. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data 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 negative net margin of 0.38% and a positive return on equity of 16.87%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm earned $3.09 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. 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 analysts predict that Air Products and Chemicals, Inc. will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Monday, January 4th will be paid a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, January 4th. Air Products and Chemicals’s payout ratio is -3,290.91%.

Analyst Ratings Changes

A number of analysts have recently commented on APD shares. Sanford C. Bernstein reissued an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. Argus lifted their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Citigroup dropped their price target on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Finally, Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.88.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.