Air Products and Chemicals, Inc. $APD Shares Sold by Amundi

Key Points

• Amundi reduced its Air Products and Chemicals stake by 11.1% in the second quarter, selling 77,909 shares and retaining 621,653 shares valued at approximately $182.3 million. Institutional investors collectively own 81.66% of APD.
• Air Products reported quarterly EPS of $3.47, exceeding estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion, slightly below expectations.
• The company declared a quarterly dividend of $1.81 per share, equivalent to $7.24 annually and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $332.76.

Amundi decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 11.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 621,653 shares of the basic materials company's stock after selling 77,909 shares during the period. Amundi owned approximately 0.28% of Air Products and Chemicals worth $182,256,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in APD. Lloyd Advisory Services LLC. acquired a new position in shares of Air Products and Chemicals in the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals in the 1st quarter valued at $25,000. Fiduciary Financial Advisors acquired a new position in Air Products and Chemicals in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the 4th quarter valued at $25,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in Air Products and Chemicals during the 4th quarter worth $25,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

APD opened at $297.74 on Wednesday. The stock has a market cap of $66.30 billion, a P/E ratio of -1,353.36, a P/E/G ratio of 3.04 and a beta of 0.75. 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 stock's 50 day simple moving average is $301.60 and its 200 day simple moving average is $292.63. 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 - Get Free Report) last posted 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 company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the business earned $3.09 earnings per share. Air Products and Chemicals's quarterly revenue was up 4.6% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a $1.81 dividend. 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 presently -3,290.91%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on APD shares. UBS Group lifted their target price on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Mizuho increased their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $332.76.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.

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