Nisa Investment Advisors LLC Sells 3,821 Shares of Air Products and Chemicals, Inc. $APD

Nisa Investment Advisors LLC cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 55,400 shares of the basic materials company’s stock after selling 3,821 shares during the period. Nisa Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $15,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL raised its holdings in Air Products and Chemicals by 0.9% in the second quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock worth $1,147,000 after purchasing an additional 35 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. lifted its position in Air Products and Chemicals by 46.1% during the third quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 111 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares during the period. Revisor Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 0.8% during 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 buying an additional 36 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its holdings 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 valued at $1,463,000 after buying an additional 37 shares in the last quarter. Finally, Northcape Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 0.4% during the 2nd quarter. Northcape Wealth Management LLC now owns 8,753 shares of the basic materials company’s stock valued at $2,566,000 after buying an additional 37 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Royal Bank Of Canada lowered their price target on shares of Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. UBS Group dropped their price objective on shares of Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, KeyCorp initiated coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $333.88.

Air Products and Chemicals Stock Up 0.0%

APD stock opened at $302.71 on Thursday. The business has a 50 day moving average of $293.48 and a 200 day moving average of $293.51. The firm has a market cap of $67.41 billion, a PE ratio of -1,375.94, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01.

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

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.