ProShare Advisors LLC Sells 35,114 Shares of Air Products and Chemicals, Inc. $APD

ProShare Advisors LLC lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 604,375 shares of the basic materials company’s stock after selling 35,114 shares during the quarter. ProShare Advisors LLC’s holdings in Air Products and Chemicals were worth $164,825,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC bought a new stake in Air Products and Chemicals during the second quarter valued at approximately $28,000. Traub Capital Management LLC bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $28,000. Abound Wealth Management increased its stake in shares of Air Products and Chemicals by 292.3% in the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 76 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Air Products and Chemicals by 228.1% in the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 73 shares during the period. Finally, Vermillion & White Wealth Management Group LLC lifted its position in Air Products and Chemicals by 169.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.1%

Shares of APD stock opened at $283.21 on Monday. The stock’s 50-day moving average price is $256.56 and its 200-day moving average price is $267.75. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $321.47. The stock has a market capitalization of $63.06 billion, a price-to-earnings ratio of -187.56, a price-to-earnings-growth ratio of 2.77 and a beta of 0.87. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.86 EPS. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio is -474.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on APD shares. Weiss Ratings upgraded Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. Mizuho dropped 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 research report on Thursday, December 18th. BMO Capital Markets reissued a “market perform” rating and issued a $282.00 price objective on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft set a $255.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, December 10th. Finally, UBS Group upped their target price on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $295.88.

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.