Tran Capital Management L.P. Sells 26,823 Shares of Air Products and Chemicals, Inc. $APD

Tran Capital Management L.P. decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 92.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,343 shares of the basic materials company’s stock after selling 26,823 shares during the quarter. Tran Capital Management L.P.’s holdings in Air Products and Chemicals were worth $687,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Financial LLC grew its holdings in shares of Air Products and Chemicals by 2.2% during the fourth quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock worth $399,000 after buying an additional 35 shares in the last quarter. Revisor Wealth Management LLC lifted its stake in Air Products and Chemicals by 0.8% in the 1st quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock valued at $1,320,000 after acquiring an additional 36 shares in the last quarter. StoneX Group Inc. boosted its position in Air Products and Chemicals by 1.3% during the 4th quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock worth $688,000 after acquiring an additional 36 shares during the last quarter. CYBER HORNET ETFs LLC boosted its position in Air Products and Chemicals by 6.1% during the 4th quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock worth $159,000 after acquiring an additional 37 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft grew its stake in shares of Air Products and Chemicals by 0.7% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 37 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Royal Bank Of Canada raised their target price on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. 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 set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Mizuho raised their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus target price of $332.76.

Air Products and Chemicals Price Performance

NYSE:APD opened at $305.44 on Friday. The stock has a market capitalization of $68.02 billion, a PE ratio of -1,388.36, a P/E/G ratio of 2.64 and a beta of 0.73. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The firm has a fifty day simple moving average of $292.95 and a 200 day simple moving average of $289.17. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.09 earnings per share. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. On average, research analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

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.