ABN Amro Investment Solutions Reduces Stock Position in Air Products and Chemicals, Inc. $APD

ABN Amro Investment Solutions trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 45.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,986 shares of the basic materials company’s stock after selling 12,387 shares during the quarter. ABN Amro Investment Solutions’ holdings in Air Products and Chemicals were worth $4,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in APD. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Air Products and Chemicals by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after purchasing an additional 23,760 shares during the last quarter. Rockland Trust Co. lifted its holdings in Air Products and Chemicals by 8.2% during the 4th quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock valued at $14,058,000 after buying an additional 4,319 shares in the last quarter. Mather Group LLC. lifted its holdings in Air Products and Chemicals by 11.5% during the 4th quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock valued at $14,197,000 after buying an additional 5,909 shares in the last quarter. Assetmark Inc. boosted its position in Air Products and Chemicals by 4.9% in the 4th quarter. Assetmark Inc. now owns 135,947 shares of the basic materials company’s stock valued at $33,582,000 after buying an additional 6,342 shares during the period. Finally, Vantage Wealth grew its stake in Air Products and Chemicals by 17.7% in the 4th quarter. Vantage Wealth now owns 75,282 shares of the basic materials company’s stock worth $18,596,000 after acquiring an additional 11,303 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD opened at $297.14 on Thursday. The business’s 50-day moving average is $289.31 and its two-hundred day moving average is $285.05. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21. The firm has a market capitalization of $66.17 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.06 by $0.14. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. Research analysts anticipate that Air Products and Chemicals, Inc. will post 13.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on APD shares. JPMorgan Chase & Co. lifted their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley increased their price objective on Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Wells Fargo & Company lifted their target price on Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Citigroup upped their target price on Air Products and Chemicals from $285.00 to $315.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Finally, Evercore reissued an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $326.88.

Insider Buying and Selling

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the completion of the sale, the chief financial officer owned 14,212 shares of the company’s stock, valued at $4,317,037.12. This represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.88% of the stock is owned by insiders.

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.