Amundi Sells 672,136 Shares of Air Products and Chemicals, Inc. $APD

Amundi lessened its position in Air Products and Chemicals, Inc. (NYSE:APD) by 57.5% during the second quarter, Holdings Channel reports. The fund owned 497,790 shares of the basic materials company’s stock after selling 672,136 shares during the period. Amundi’s holdings in Air Products and Chemicals were worth $144,508,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Air Products and Chemicals during the 2nd quarter valued at about $1,020,081,000. Dodge & Cox lifted its holdings in shares of Air Products and Chemicals by 31.5% in the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after acquiring an additional 2,096,568 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Air Products and Chemicals by 268.7% in the 2nd quarter. First Trust Advisors LP now owns 822,589 shares of the basic materials company’s stock valued at $232,019,000 after purchasing an additional 599,513 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Air Products and Chemicals by 13.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,794,781 shares of the basic materials company’s stock valued at $1,070,356,000 after purchasing an additional 444,855 shares during the last quarter. Finally, Invesco Ltd. raised its position in Air Products and Chemicals by 43.3% in the 2nd quarter. Invesco Ltd. now owns 1,432,928 shares of the basic materials company’s stock worth $404,172,000 after purchasing an additional 432,770 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. UBS Group decreased their price target on Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada dropped their price objective on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Citigroup cut their target price on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Finally, Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $313.75.

Air Products and Chemicals Price Performance

APD opened at $260.42 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38. The stock has a market capitalization of $57.97 billion, a PE ratio of -146.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.85. The stock’s 50 day moving average price is $257.76 and its 200-day moving average price is $276.31. Air Products and Chemicals, Inc. has a 52-week low of $235.55 and a 52-week high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, topping analysts’ consensus estimates 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 was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $3.56 earnings per share. 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 predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 2nd will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s dividend payout ratio is -402.25%.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.