Van ECK Associates Corp Reduces Holdings in Air Products and Chemicals, Inc. $APD

Van ECK Associates Corp reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 14.9% during the second quarter, Holdings Channel.com reports. The firm owned 68,643 shares of the basic materials company’s stock after selling 11,997 shares during the period. Van ECK Associates Corp’s holdings in Air Products and Chemicals were worth $20,125,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Air Products and Chemicals in the second quarter worth approximately $5,370,093,000. Capital International Investors raised its holdings in Air Products and Chemicals by 44.2% during the 4th quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after buying an additional 3,922,567 shares during the last quarter. Capital Research Global Investors grew its holdings in Air Products and Chemicals by 1.2% in the 4th quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company’s stock worth $2,940,665,000 after acquiring an additional 137,595 shares during the last quarter. State Street Corp grew its holdings in Air Products and Chemicals by 3.7% in the 4th quarter. State Street Corp now owns 9,911,504 shares of the basic materials company’s stock worth $2,448,340,000 after acquiring an additional 352,012 shares during the last quarter. Finally, Dodge & Cox increased its position in shares of Air Products and Chemicals by 2.6% in the fourth quarter. Dodge & Cox now owns 9,236,610 shares of the basic materials company’s stock valued at $2,281,627,000 after acquiring an additional 231,718 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.1%

NYSE:APD opened at $308.27 on Monday. 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 firm’s 50-day moving average price is $298.34 and its 200-day moving average price is $291.69. The company has a market capitalization of $68.65 billion, a PE ratio of -1,401.23, a P/E/G ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.34 by $0.13. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous 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 predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Wells Fargo & Company boosted their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. UBS Group upped their price objective on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Royal Bank Of Canada raised their target price on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. One 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.