Zions Bancorporation National Association UT Lowers Stake in Air Products and Chemicals, Inc. $APD

Zions Bancorporation National Association UT lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 63.8% during the second quarter, Holdings Channel.com reports. The firm owned 1,746 shares of the basic materials company’s stock after selling 3,076 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Air Products and Chemicals were worth $492,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC increased its position in Air Products and Chemicals by 8.1% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,392 shares of the basic materials company’s stock valued at $393,000 after buying an additional 104 shares in the last quarter. Winthrop Capital Management LLC bought a new position in Air Products and Chemicals in the 2nd quarter valued at approximately $89,000. Midwest Trust Co purchased a new stake in Air Products and Chemicals during the 2nd quarter valued at $13,856,000. Delta Financial Advisors LLC raised its stake in shares of Air Products and Chemicals by 0.7% in the second quarter. Delta Financial Advisors LLC now owns 8,417 shares of the basic materials company’s stock worth $2,374,000 after purchasing an additional 61 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Air Products and Chemicals by 7.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 443,663 shares of the basic materials company’s stock worth $125,140,000 after purchasing an additional 30,179 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. reduced their price target on shares of Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. UBS Group decreased their target price on shares of Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Friday. Finally, Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target of $315.83.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $258.21 on Tuesday. The firm’s 50 day simple moving average is $268.22 and its two-hundred day simple moving average is $278.17. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The company has a market capitalization of $57.47 billion, a P/E ratio of 37.15, a P/E/G ratio of 5.16 and a beta of 0.81. Air Products and Chemicals, Inc. has a 1-year low of $235.55 and a 1-year high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data 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 net margin of 12.86% and a return on equity of 15.11%. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the firm earned $3.56 EPS. The company’s revenue was down .6% on a year-over-year basis. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS. FY 2026 guidance at 12.850-13.150 EPS. Research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.