Air Products and Chemicals, Inc. $APD Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.9% during the 3rd quarter, Holdings Channel reports. The fund owned 56,782 shares of the basic materials company’s stock after selling 2,327 shares during the quarter. DAVENPORT & Co LLC’s holdings in Air Products and Chemicals were worth $15,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals during the first quarter valued at $26,000. Traub Capital Management LLC bought a new position in Air Products and Chemicals in the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Air Products and Chemicals during the 2nd quarter valued at about $28,000. Abound Wealth Management increased its stake in Air Products and Chemicals by 292.3% during the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after buying an additional 76 shares during the period. Finally, Westside Investment Management Inc. raised its position in shares of Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after buying an additional 73 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

APD opened at $245.21 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98. The firm has a market cap of $54.58 billion, a PE ratio of -137.75, a P/E/G ratio of 2.41 and a beta of 0.86. The business has a fifty day simple moving average of $251.32 and a 200-day simple moving average of $273.22. 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 announced its earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating the consensus estimate of $3.38 by $0.01. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the business posted $3.56 earnings per share. Air Products and Chemicals’s revenue was down .6% compared to the same quarter last year. 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. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

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

Analyst Ratings Changes

APD has been the topic of a number of research analyst reports. Citigroup lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $300.00 to $245.00 in a research note on Monday, December 15th. Wall Street Zen lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $310.00 to $250.00 in a research note on Thursday, December 11th. Wells Fargo & Company restated an “equal weight” rating and issued a $250.00 price objective (down previously from $330.00) on shares of Air Products and Chemicals in a report on Friday, December 19th. Finally, Mizuho lowered their target price on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $292.47.

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.