Great Lakes Advisors LLC Has $50.80 Million Stock Position in Air Products and Chemicals, Inc. $APD

Great Lakes Advisors LLC cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 34.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,250 shares of the basic materials company’s stock after selling 97,347 shares during the period. Great Lakes Advisors LLC owned 0.08% of Air Products and Chemicals worth $50,795,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in APD. American Century Companies Inc. boosted its holdings in shares of Air Products and Chemicals by 10.4% in the 2nd quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock valued at $16,258,000 after purchasing an additional 5,430 shares in the last quarter. Aberdeen Group plc raised its position in Air Products and Chemicals by 4.1% in the second quarter. Aberdeen Group plc now owns 113,027 shares of the basic materials company’s stock valued at $31,903,000 after purchasing an additional 4,492 shares during the last quarter. Swiss National Bank raised its holdings in Air Products and Chemicals by 7.4% in the 2nd quarter. Swiss National Bank now owns 673,400 shares of the basic materials company’s stock valued at $189,939,000 after buying an additional 46,200 shares during the last quarter. Platform Technology Partners raised its stake in shares of Air Products and Chemicals by 683.0% during the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock valued at $1,954,000 after acquiring an additional 6,249 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in Air Products and Chemicals by 4.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 80,353 shares of the basic materials company’s stock worth $22,664,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD opened at $255.82 on Thursday. 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 debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20. The stock’s fifty day moving average price is $254.01 and its two-hundred day moving average price is $268.78. The firm has a market cap of $56.94 billion, a PE ratio of -143.72, a PEG ratio of 2.55 and a beta of 0.87.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.18 billion. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $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, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS 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. Investors of record on Wednesday, April 1st will be issued a $1.81 dividend. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a yield of 2.8%. Air Products and Chemicals’s payout ratio is -402.25%.

Wall Street Analyst Weigh In

Several research firms have issued reports on APD. Wall Street Zen lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Air Products and Chemicals in a research note on Tuesday, December 9th. Citigroup lifted their price target on shares of Air Products and Chemicals from $245.00 to $272.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Evercore ISI dropped their price target on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Air Products and Chemicals in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $293.80.

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.