Confluence Investment Management LLC Decreases Holdings in Air Products and Chemicals, Inc. $APD

Confluence Investment Management LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 6.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 202,897 shares of the basic materials company’s stock after selling 14,590 shares during the period. Confluence Investment Management LLC’s holdings in Air Products and Chemicals were worth $59,485,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new stake in Air Products and Chemicals in the first quarter valued at $25,000. Cornerstone Planning Group LLC raised its stake in shares of Air Products and Chemicals by 318.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. Main Street Group LTD purchased a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $27,000. Richardson Financial Services Inc. boosted its position in shares of Air Products and Chemicals by 3,233.3% in the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock worth $25,000 after buying an additional 97 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in Air Products and Chemicals in the 4th quarter valued at about $25,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APD has been the subject of a number of research reports. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $358.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 17th. Mizuho raised their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup lifted their price objective on Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $332.65.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $292.43 on Tuesday. The company has a 50-day simple moving average of $289.79 and a 200-day simple moving average of $287.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The company has a market cap of $65.12 billion, a PE ratio of -1,329.21, a price-to-earnings-growth ratio of 2.63 and a beta of 0.73. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data 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. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate 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 quarter 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, equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.44 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

Air Products and Chemicals 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.