Air Products and Chemicals, Inc. $APD Stock Position Cut by Perpetual Ltd

Key Points

• Perpetual Ltd slashed its Air Products and Chemicals position by 98.9% in the third quarter, selling 143,656 shares and retaining 1,649 shares valued at approximately $459,000. Institutional investors collectively own 81.66% of the company.
• Analyst sentiment remains moderately positive, with an average rating of “Moderate Buy” and a consensus price target of $334.71, although UBS lowered its target to $305 and maintained a neutral rating.
• Air Products reported quarterly earnings of $3.47 per share, exceeding estimates of $3.34, 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 2.5% annualized yield.

Perpetual Ltd lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 98.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,649 shares of the basic materials company's stock after selling 143,656 shares during the quarter. Perpetual Ltd's holdings in Air Products and Chemicals were worth $459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals during the 1st quarter worth $25,000. Fiduciary Financial Advisors purchased a new stake in shares of Air Products and Chemicals in the 2nd quarter worth $25,000. Main Street Group LTD purchased a new stake in shares of Air Products and Chemicals in the 1st quarter worth $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of Air Products and Chemicals by 318.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company's stock worth $28,000 after buying an additional 70 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. grew its position in shares of Air Products and Chemicals by 77.6% during the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company's stock worth $28,000 after buying an additional 45 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on APD. UBS Group cut their price target on Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. Weiss Ratings downgraded Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Royal Bank Of Canada upped their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, KeyCorp began coverage on shares of Air Products and Chemicals in a report on Thursday, September 10th. They set a "sector weight" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $334.71.

Air Products and Chemicals Trading Up 1.2%

Air Products and Chemicals stock opened at $292.42 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market cap of $65.12 billion, a PE ratio of -1,329.18, a price-to-earnings-growth ratio of 2.72 and a beta of 0.76. The stock has a 50-day moving average of $293.95 and a two-hundred day moving average of $293.21. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued 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 positive return on equity of 16.87% and a negative net margin of 0.38%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm earned $3.09 earnings per share. The company'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. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals's dividend payout ratio is presently -3,290.91%.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.

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