Air Products and Chemicals, Inc. $APD Position Lessened by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,165 shares of the basic materials company’s stock after selling 4,749 shares during the period. Air Products and Chemicals makes up approximately 1.2% of Douglas Lane & Associates LLC’s portfolio, making the stock its 21st biggest holding. Douglas Lane & Associates LLC’s holdings in Air Products and Chemicals were worth $94,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. State Street Corp raised its position in Air Products and Chemicals by 277.4% during the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock valued at $10,597,451,000 after purchasing an additional 28,050,956 shares in the last quarter. BlackRock Inc. bought a new position in Air Products and Chemicals during the second quarter valued at approximately $5,370,093,000. Bank of America Corp DE lifted its holdings in shares of Air Products and Chemicals by 14.3% in the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock worth $1,290,801,000 after acquiring an additional 556,188 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock worth $927,010,000 after purchasing an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC grew its stake in shares of Air Products and Chemicals by 0.5% during the first quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock valued at $779,665,000 after buying an additional 14,262 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded up $4.18 during mid-day trading on Friday, reaching $282.56. 188,058 shares of the stock traded hands, compared to its average volume of 1,279,728. The business’s 50-day moving average is $294.58 and its 200-day moving average is $293.23. The stock has a market capitalization of $62.92 billion, a PE ratio of -1,282.82, a price-to-earnings-growth ratio of 2.62 and a beta of 0.76. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the business posted $3.09 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

Wall Street Analysts Forecast Growth

APD has been the topic of several recent analyst reports. Mizuho raised their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings cut Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Citigroup dropped their target price on shares of Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Finally, KeyCorp assumed coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They set a “sector weight” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $333.56.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.