Air Products and Chemicals, Inc. $APD Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,044,182 shares of the basic materials company's stock after selling 148,109 shares during the quarter. Air Products and Chemicals accounts for 1.8% of Barrow Hanley Mewhinney & Strauss LLC's portfolio, making the stock its 13th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned 0.92% of Air Products and Chemicals worth $599,313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals in the first quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals during the 4th quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $25,000. Finally, Motiv8 Investments LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth $26,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

APD opened at $305.55 on Monday. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The company's 50 day simple moving average is $295.82 and its 200 day simple moving average is $290.89. The stock has a market capitalization of $68.04 billion, a PE ratio of -1,388.86, a P/E/G ratio of 2.65 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm posted $3.09 earnings per share. Air Products and Chemicals's 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. As a group, sell-side analysts expect that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Air Products and Chemicals from $310.00 to $330.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Citigroup increased their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Evercore reaffirmed an "outperform" rating and issued a $342.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 10th. Sanford C. Bernstein restated an "outperform" rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. Finally, Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently 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.

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