iSAM Funds UK Ltd Sells 3,024 Shares of Air Products and Chemicals, Inc. $APD

iSAM Funds UK Ltd trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 57.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,200 shares of the basic materials company’s stock after selling 3,024 shares during the period. iSAM Funds UK Ltd’s holdings in Air Products and Chemicals were worth $645,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $245,000. Sei Investments Co. grew its stake in shares of Air Products and Chemicals by 197.6% in the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock valued at $79,498,000 after buying an additional 187,142 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Air Products and Chemicals by 2.1% during the second quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock worth $29,271,000 after buying an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in Air Products and Chemicals by 52.5% during the second quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock worth $1,873,000 after buying an additional 2,229 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE:APD opened at $309.63 on Thursday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company has a market cap of $68.95 billion, a P/E ratio of -1,407.41, a P/E/G ratio of 3.08 and a beta of 0.75. The firm’s fifty day moving average price is $299.95 and its two-hundred day moving average price is $292.03. 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 posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations 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%. Air Products and Chemicals’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.09 EPS. 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. Equities analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $373.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 31st. Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Wells Fargo & Company raised their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Mizuho lifted their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, UBS Group boosted their price target on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.76.

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.