Air Products and Chemicals, Inc. $APD Stock Holdings Decreased by Glenmede Trust Co. NA

Key Points

• Glenmede Trust Co. NA reduced its Air Products and Chemicals stake by 8.4% in the first quarter, selling 4,454 shares and retaining 48,489 shares valued at approximately $14.1 million.
• Air Products reported fiscal third-quarter adjusted EPS of $3.47, beating estimates, and raised fiscal 2026 adjusted EPS guidance to $13.39–$13.49. However, revenue slightly missed expectations and project-related charges resulted in a $6.47 GAAP loss per share.
• Institutional investors own 81.66% of APD, while analysts maintain a “Moderate Buy” consensus with an average price target of $331.76; the company also declared a quarterly dividend of $1.81 per share.

Glenmede Trust Co. NA lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,489 shares of the basic materials company's stock after selling 4,454 shares during the quarter. Glenmede Trust Co. NA's holdings in Air Products and Chemicals were worth $14,086,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Summitry LLC purchased a new stake in shares of Air Products and Chemicals in the first quarter valued at $25,562,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Air Products and Chemicals in the first quarter worth $1,279,000. Wellington Grp LLC grew its holdings in shares of Air Products and Chemicals by 738.9% during the first quarter. Wellington Grp LLC now owns 151 shares of the basic materials company's stock valued at $44,000 after buying an additional 133 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of Air Products and Chemicals by 89.4% during the first quarter. SOA Wealth Advisors LLC. now owns 517 shares of the basic materials company's stock valued at $150,000 after buying an additional 244 shares in the last quarter. Finally, Western Wealth Management LLC raised its position in Air Products and Chemicals by 198.6% during the first quarter. Western Wealth Management LLC now owns 3,837 shares of the basic materials company's stock valued at $1,115,000 after buying an additional 2,552 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Trending Headlines about Air Products and Chemicals

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Air Products reported fiscal Q3 adjusted EPS of $3.47, above the roughly $3.34–$3.36 analyst consensus, as higher on-site volumes, pricing and favorable currency effects supported results. Adjusted operating income reached $810 million. Air Products Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $13.39–$13.49 from its prior outlook and issued fourth-quarter guidance of $3.55–$3.65, both above consensus expectations. UBS lifted its price target to $336 while maintaining a neutral rating, and Mizuho raised its target to $355 with an outperform rating. Air Products Stock Surges After Strong Profit Growth, Raised Guidance
• Neutral Sentiment: Air Products is reducing fiscal 2026 capital expenditures to approximately $3.5 billion and is refocusing its project portfolio after exiting the Louisiana Clean Energy Complex, an Arizona liquid-hydrogen facility and other smaller clean-energy projects. The company also finalized a renewable-ammonia marketing agreement tied to the NEOM Green Hydrogen Project. Air Products Projects Fiscal 2026 EPS While Cutting Capital Expenditures
• Negative Sentiment: Revenue of $3.16 billion missed the $3.20 billion estimate, despite increasing 4.6% year over year. More significantly, GAAP results showed a $6.47 loss per share and a $2.1 billion operating loss, driven by charges related to project and asset actions, creating a major headline risk and likely contributing to the stock’s decline after its initial earnings-related strength. Air Products Swings to Third-Quarter Loss After Project Exits

Wall Street Analyst Weigh In

APD has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Bank of America upped their target price on Air Products and Chemicals from $280.00 to $303.00 and gave the company a "neutral" rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, May 4th. Berenberg Bank set a $350.00 price target on shares of Air Products and Chemicals and gave the stock a "buy" rating in a report on Monday, April 20th. Finally, Weiss Ratings downgraded shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday. 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 company. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of "Moderate Buy" and an average price target of $331.76.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $295.74 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. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The business's 50-day moving average price is $289.73 and its two-hundred day moving average price is $286.83. The company has a market capitalization of $65.86 billion, a P/E ratio of -1,344.27, a price-to-earnings-growth ratio of 2.63 and a beta of 0.73.

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. The company 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 business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last 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. Analysts anticipate that Air Products and Chemicals, Inc. will post 13.44 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

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

Air Products and Chemicals Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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