Air Products and Chemicals, Inc. $APD Holdings Cut by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 76,744 shares of the basic materials company’s stock after selling 3,459 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Air Products and Chemicals were worth $20,890,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Air Products and Chemicals by 1.5% in the second quarter. Vanguard Group Inc. now owns 21,739,830 shares of the basic materials company’s stock valued at $6,131,936,000 after purchasing an additional 324,885 shares in the last quarter. State Street Corp lifted its holdings in shares of Air Products and Chemicals by 1.9% during the 2nd quarter. State Street Corp now owns 9,452,914 shares of the basic materials company’s stock valued at $2,666,289,000 after buying an additional 180,056 shares during the last quarter. Dodge & Cox grew its stake in shares of Air Products and Chemicals by 0.7% in the 2nd quarter. Dodge & Cox now owns 8,821,400 shares of the basic materials company’s stock valued at $2,488,164,000 after buying an additional 61,678 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Air Products and Chemicals by 5.1% in the second quarter. JPMorgan Chase & Co. now owns 6,434,228 shares of the basic materials company’s stock worth $1,814,839,000 after buying an additional 310,799 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Air Products and Chemicals by 0.5% during the second quarter. Geode Capital Management LLC now owns 5,134,550 shares of the basic materials company’s stock valued at $1,450,526,000 after acquiring an additional 27,256 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APD has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Air Products and Chemicals in a research report on Monday, December 29th. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a report on Wednesday, October 1st. Royal Bank Of Canada lowered their target price on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Wolfe Research reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, December 8th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Air Products and Chemicals in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $293.80.

Air Products and Chemicals Stock Performance

Shares of APD opened at $261.09 on Friday. The company has a market capitalization of $58.12 billion, a PE ratio of -146.68, a price-to-earnings-growth ratio of 2.57 and a beta of 0.87. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $341.14. The company’s fifty day moving average price is $253.64 and its 200 day moving average price is $269.50.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The firm’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $3.56 earnings per share. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, analysts expect that Air Products and Chemicals, Inc. will post 12.69 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, February 9th. Shareholders of record on Friday, January 2nd will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, January 2nd. Air Products and Chemicals’s payout ratio is currently -402.25%.

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.