Anchor Capital Advisors LLC Trims Stake in Air Products and Chemicals, Inc. $APD

Key Points

• Anchor Capital Advisors reduced its Air Products and Chemicals stake by 3.9% in the second quarter, selling 8,438 shares and retaining 209,608 shares valued at approximately $61.5 million. Institutional investors collectively own 81.66% of the company.
• Air Products and Chemicals reported quarterly EPS of $3.47, beating estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion but fell short of expectations.
• The company declared a quarterly dividend of $1.81, equivalent to $7.24 annually and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $332.76.

Anchor Capital Advisors LLC lessened its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 209,608 shares of the basic materials company's stock after selling 8,438 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.09% of Air Products and Chemicals worth $61,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. HORAN Wealth LLC increased its stake in shares of Air Products and Chemicals by 2.3% during the second quarter. HORAN Wealth LLC now owns 11,940 shares of the basic materials company's stock valued at $3,501,000 after purchasing an additional 263 shares in the last quarter. CYBER HORNET ETFs LLC boosted its position in shares of Air Products and Chemicals by 433.0% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 3,251 shares of the basic materials company's stock worth $953,000 after purchasing an additional 2,641 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Air Products and Chemicals by 27,786.0% in the 2nd quarter. California State Teachers Retirement System now owns 72,163,618 shares of the basic materials company's stock worth $21,156,930,000 after buying an additional 71,904,837 shares during the last quarter. Studio Investment Management LLC increased its position in Air Products and Chemicals by 4.0% during the 2nd quarter. Studio Investment Management LLC now owns 3,130 shares of the basic materials company's stock valued at $918,000 after buying an additional 119 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its position in Air Products and Chemicals by 215.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 2,573 shares of the basic materials company's stock valued at $754,000 after buying an additional 1,758 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $301.19 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average price of $301.50 and a 200-day moving average price of $292.52. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The firm has a market capitalization of $67.07 billion, a PE ratio of -1,369.05, a P/E/G ratio of 3.04 and a beta of 0.75.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating 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 in the prior year, the firm earned $3.09 earnings per share. The firm's revenue for the quarter 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 research analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company 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 $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals's payout ratio is presently -3,290.91%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APD. 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Citigroup upped their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Royal Bank Of Canada raised their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus price target of $332.76.

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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