Bahl & Gaynor Inc. Has $198.95 Million Stake in Air Products and Chemicals, Inc. $APD

Bahl & Gaynor Inc. lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 21.7% in the third quarter, HoldingsChannel.com reports. The firm owned 729,494 shares of the basic materials company’s stock after selling 202,634 shares during the quarter. Air Products and Chemicals comprises approximately 1.0% of Bahl & Gaynor Inc.’s holdings, making the stock its 29th biggest holding. Bahl & Gaynor Inc.’s holdings in Air Products and Chemicals were worth $198,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Traub Capital Management LLC bought a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $28,000. Abound Wealth Management grew its holdings in shares of 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 worth $28,000 after purchasing an additional 76 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Air Products and Chemicals by 228.1% in the second 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, Caitlin John LLC acquired a new position in Air Products and Chemicals in the third quarter valued at about $30,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on APD. Mizuho decreased their target price on shares of 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. Citigroup boosted their price objective on shares of Air Products and Chemicals from $272.00 to $285.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Deutsche Bank Aktiengesellschaft set a $255.00 price target on Air Products and Chemicals in a research note on Wednesday, December 10th. Finally, UBS Group upped their price objective on Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $295.88.

Air Products and Chemicals Trading Down 0.2%

NYSE APD opened at $275.78 on Monday. The company has a market cap of $61.41 billion, a price-to-earnings ratio of -182.64, a price-to-earnings-growth ratio of 2.70 and a beta of 0.88. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $321.47. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. The business’s fifty day moving average is $267.19 and its 200 day moving average is $266.88.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.04 by $0.12. The firm had revenue of $3.10 billion during 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 business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $2.86 earnings per share. 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. As a group, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s payout ratio is presently -474.17%.

Insider Transactions at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the completion of the transaction, the director owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. This trade represents a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.88% of the company’s stock.

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.