Abner Herrman & Brock LLC Sells 5,656 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Abner Herrman & Brock LLC reduced its Air Products and Chemicals stake by 67.6% in the second quarter, selling 5,656 shares and retaining 2,709 shares valued at approximately $794,000. Institutional investors own 81.66% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $332.76; recent targets range from $303 to $373.
• Air Products exceeded quarterly EPS expectations, reporting $3.47 versus the $3.34 consensus, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, equivalent to a 2.4% annualized yield.

Abner Herrman & Brock LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 67.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,709 shares of the basic materials company's stock after selling 5,656 shares during the quarter. Abner Herrman & Brock LLC's holdings in Air Products and Chemicals were worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Richardson Financial Services Inc. lifted its stake in shares of Air Products and Chemicals by 3,233.3% in the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company's stock valued at $25,000 after buying an additional 97 shares during the period. Lloyd Advisory Services LLC. bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals during the fourth quarter worth $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $25,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APD has been the subject of several recent analyst reports. Bank of America increased their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 21st. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a report on Monday. Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Sanford C. Bernstein reiterated an "outperform" rating and set a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. Finally, UBS Group increased their price target on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. One investment 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 MarketBeat.com, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average price target of $332.76.

Air Products and Chemicals Stock Performance

NYSE APD opened at $303.35 on Friday. The company has a market cap of $67.55 billion, a P/E ratio of -1,378.84, a PEG ratio of 2.61 and a beta of 0.73. The company has a fifty day simple moving average of $290.90 and a 200 day simple moving average of $287.76. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. 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 - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals's dividend payout ratio is -3,290.91%.

About Air Products and Chemicals

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.

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