UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Air Products and Chemicals, Inc. $APD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.8% in the second quarter, HoldingsChannel.com reports. The fund owned 1,040,806 shares of the basic materials company’s stock after selling 30,409 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Air Products and Chemicals were worth $305,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New Mexico Educational Retirement Board raised its stake in Air Products and Chemicals by 9.9% during the 2nd quarter. New Mexico Educational Retirement Board now owns 11,100 shares of the basic materials company’s stock valued at $3,254,000 after purchasing an additional 1,000 shares during the period. Mufg Securities Americas Inc. grew its holdings in Air Products and Chemicals by 8.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 6,707 shares of the basic materials company’s stock valued at $1,966,000 after buying an additional 546 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in Air Products and Chemicals by 7.5% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 2,659 shares of the basic materials company’s stock valued at $780,000 after buying an additional 185 shares in the last quarter. Chapin Davis Inc. raised its position in shares of Air Products and Chemicals by 0.7% during the second quarter. Chapin Davis Inc. now owns 9,581 shares of the basic materials company’s stock valued at $2,809,000 after buying an additional 65 shares during the last quarter. Finally, Tandem Capital Management Corp ADV lifted its holdings in shares of Air Products and Chemicals by 33.4% in the second quarter. Tandem Capital Management Corp ADV now owns 1,975 shares of the basic materials company’s stock worth $579,000 after buying an additional 495 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.6%

Shares of APD opened at $309.86 on Tuesday. The company’s fifty day moving average is $298.88 and its 200 day moving average is $291.82. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The stock has a market capitalization of $69.00 billion, a PE ratio of -1,408.45, 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 0.92 and a current ratio of 1.08.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating 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 analyst estimates of $3.20 billion. During the same quarter last year, the business earned $3.09 earnings per share. Air Products and Chemicals’s quarterly 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. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors 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 dividend on an annualized basis and a dividend yield of 2.3%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.

Analyst Ratings Changes

Several research firms recently weighed in on APD. Sanford C. Bernstein reaffirmed 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. Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Citigroup increased their price objective on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. Finally, Royal Bank Of Canada boosted their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.76.

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.