Confluence Investment Management LLC Sells 3,406 Shares of Air Products and Chemicals, Inc. $APD

Confluence Investment Management LLC reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,554 shares of the basic materials company’s stock after selling 3,406 shares during the quarter. Confluence Investment Management LLC’s holdings in Air Products and Chemicals were worth $55,241,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. West Oak Capital LLC raised its position in shares of Air Products and Chemicals by 12.2% during the 2nd quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after purchasing an additional 1,180 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Air Products and Chemicals by 1.8% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 74,225 shares of the basic materials company’s stock worth $20,936,000 after buying an additional 1,300 shares in the last quarter. Revisor Wealth Management LLC lifted its position in shares of Air Products and Chemicals by 110.4% in the second quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock valued at $966,000 after acquiring an additional 1,713 shares in the last quarter. Chapin Davis Inc. boosted its stake in shares of Air Products and Chemicals by 16.1% in the second quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock worth $3,147,000 after acquiring an additional 1,551 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Air Products and Chemicals by 10.4% during the second quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock worth $16,258,000 after purchasing an additional 5,430 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the topic of a number of research analyst reports. Citigroup cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $300.00 to $245.00 in a report on Monday, December 15th. Wall Street Zen cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. UBS Group lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $310.00 to $250.00 in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft set a $255.00 price target on shares of Air Products and Chemicals in a report on Wednesday, December 10th. Finally, Argus decreased their price target on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $292.47.

Air Products and Chemicals Trading Up 2.0%

Shares of APD opened at $244.76 on Tuesday. The stock has a market capitalization of $54.48 billion, a PE ratio of -137.50, a P/E/G ratio of 2.36 and a beta of 0.85. The company’s fifty day moving average is $251.90 and its 200 day moving average is $273.67. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data 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. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the company posted $3.56 EPS. The business’s revenue was down .6% on a year-over-year basis. 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. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 2nd will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Air Products and Chemicals’s payout ratio is presently -402.25%.

About Air Products and Chemicals

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.