Rhumbline Advisers Has $107.31 Million Stock Holdings in Air Products and Chemicals, Inc. $APD

Rhumbline Advisers reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 393,473 shares of the basic materials company’s stock after selling 10,986 shares during the period. Rhumbline Advisers’ holdings in Air Products and Chemicals were worth $107,308,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Traub Capital Management LLC acquired a new position in Air Products and Chemicals in the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Air Products and Chemicals in the second quarter valued at approximately $28,000. Abound Wealth Management boosted its stake in 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 valued at $28,000 after purchasing an additional 76 shares during the period. Westside Investment Management Inc. increased its position in Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after buying an additional 73 shares during the period. Finally, Cloud Capital Management LLC acquired a new stake in shares of Air Products and Chemicals during the third quarter worth $34,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APD. 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 report on Thursday, January 8th. Jefferies Financial Group boosted their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a research note 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. Wolfe Research reiterated an “outperform” rating and set a $315.00 target price on shares of Air Products and Chemicals in a research report on Monday, December 8th. Finally, Argus reduced their target price 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. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.88.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $293.13 on Thursday. 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 has a fifty day simple moving average of $258.40 and a 200 day simple moving average of $267.79. The company has a market cap of $65.27 billion, a P/E ratio of -194.12, a P/E/G ratio of 2.85 and a beta of 0.87.

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, topping analysts’ consensus estimates of $3.04 by $0.12. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders 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 2.5%. The ex-dividend date 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 dividend payout ratio is currently -474.17%.

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.