Intact Investment Management Inc. Sells 11,700 Shares of Air Products and Chemicals, Inc. $APD

Intact Investment Management Inc. trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 61.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,400 shares of the basic materials company’s stock after selling 11,700 shares during the quarter. Intact Investment Management Inc.’s holdings in Air Products and Chemicals were worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 412 shares during the period. Bison Wealth LLC purchased a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $245,000. Perigon Wealth Management LLC increased its holdings in Air Products and Chemicals by 15.8% in the 2nd quarter. Perigon Wealth Management LLC now owns 1,636 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 223 shares during the last quarter. Patton Fund Management Inc. purchased a new stake in shares of Air Products and Chemicals in the second quarter worth about $232,000. Finally, ORG Partners LLC grew its holdings in Air Products and Chemicals by 24.5% during the 2nd quarter. ORG Partners LLC now owns 890 shares of the basic materials company’s stock valued at $251,000 after buying an additional 175 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on APD shares. Argus decreased their price objective on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $250.00 price target (down previously from $330.00) on shares of Air Products and Chemicals in a research note on Friday, December 19th. Bank of America raised shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 price objective for the company in a research note on Thursday, January 8th. Wolfe Research restated an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, December 8th. Finally, Mizuho lowered their price target on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $293.80.

Air Products and Chemicals Trading Up 0.5%

Shares of NYSE APD opened at $262.60 on Tuesday. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $341.14. 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 company has a market cap of $58.45 billion, a price-to-earnings ratio of -147.53, a PEG ratio of 2.57 and a beta of 0.87. The business’s 50 day moving average price is $253.83 and its 200-day moving average price is $269.10.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, topping the consensus estimate of $3.38 by $0.01. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.56 EPS. 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, sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

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

Air Products and Chemicals Company 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.