The Manufacturers Life Insurance Company Sells 9,631 Shares of Air Products and Chemicals, Inc. $APD

The Manufacturers Life Insurance Company lessened its position in Air Products and Chemicals, Inc. (NYSE:APD) by 7.6% in the first quarter, HoldingsChannel reports. The fund owned 117,061 shares of the basic materials company’s stock after selling 9,631 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Air Products and Chemicals were worth $34,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APD. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Air Products and Chemicals by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after purchasing an additional 23,760 shares during the last quarter. Assetmark Inc. increased its position in shares of Air Products and Chemicals by 4.9% during the 4th quarter. Assetmark Inc. now owns 135,947 shares of the basic materials company’s stock valued at $33,582,000 after purchasing an additional 6,342 shares during the last quarter. Castle Rock Wealth Management LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $1,649,000. Cardinal Capital Management Inc. boosted its holdings in shares of Air Products and Chemicals by 3.4% in the 4th quarter. Cardinal Capital Management Inc. now owns 124,278 shares of the basic materials company’s stock worth $30,699,000 after buying an additional 4,045 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Air Products and Chemicals by 22.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,511 shares of the basic materials company’s stock worth $10,007,000 after buying an additional 7,485 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.5%

Shares of Air Products and Chemicals stock opened at $295.74 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The stock’s 50-day simple moving average is $289.73 and its 200 day simple moving average is $286.69. The stock has a market capitalization of $65.86 billion, a P/E ratio of -1,344.27, a P/E/G ratio of 2.68 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.21 and a current ratio of 1.08.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.09 EPS. 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. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 13.44 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, November 9th. Stockholders of record on Thursday, October 1st will be issued a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

Trending Headlines about Air Products and Chemicals

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Air Products reported fiscal Q3 adjusted EPS of $3.47, above the roughly $3.34–$3.36 analyst consensus, as higher on-site volumes, pricing and favorable currency effects supported results. Adjusted operating income reached $810 million. Air Products Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $13.39–$13.49 from its prior outlook and issued fourth-quarter guidance of $3.55–$3.65, both above consensus expectations. UBS lifted its price target to $336 while maintaining a neutral rating, and Mizuho raised its target to $355 with an outperform rating. Air Products Stock Surges After Strong Profit Growth, Raised Guidance
• Neutral Sentiment: Air Products is reducing fiscal 2026 capital expenditures to approximately $3.5 billion and is refocusing its project portfolio after exiting the Louisiana Clean Energy Complex, an Arizona liquid-hydrogen facility and other smaller clean-energy projects. The company also finalized a renewable-ammonia marketing agreement tied to the NEOM Green Hydrogen Project. Air Products Projects Fiscal 2026 EPS While Cutting Capital Expenditures
• Negative Sentiment: Revenue of $3.16 billion missed the $3.20 billion estimate, despite increasing 4.6% year over year. More significantly, GAAP results showed a $6.47 loss per share and a $2.1 billion operating loss, driven by charges related to project and asset actions, creating a major headline risk and likely contributing to the stock’s decline after its initial earnings-related strength. Air Products Swings to Third-Quarter Loss After Project Exits

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on APD shares. Mizuho raised their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday. Berenberg Bank set a $350.00 target price on shares of Air Products and Chemicals and gave the company a “buy” rating in a research note on Monday, April 20th. Weiss Ratings raised shares of Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Citigroup lifted their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $331.76.

Air Products and Chemicals 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.