Clark & Stuart Inc Lowers Stock Position in Air Products and Chemicals, Inc. $APD

Key Points

• Clark & Stuart Inc. reduced its Air Products and Chemicals stake by 61% in the second quarter, selling 8,160 shares and retaining 5,218 shares valued at approximately $1.53 million. Institutional investors collectively own 81.66% of APD.
• Air Products 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 guided to fiscal 2026 EPS of $13.39–$13.49.
• Air Products declared a quarterly dividend of $1.81 per share, equivalent to a $7.24 annualized payout and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $332.76.

Clark & Stuart Inc cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 61.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,218 shares of the basic materials company's stock after selling 8,160 shares during the quarter. Air Products and Chemicals accounts for about 1.0% of Clark & Stuart Inc's holdings, making the stock its 27th biggest holding. Clark & Stuart Inc's holdings in Air Products and Chemicals were worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Air Products and Chemicals by 14.5% in the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after acquiring an additional 412 shares in the last quarter. Bison Wealth LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth about $245,000. Sei Investments Co. boosted its holdings in shares of Air Products and Chemicals by 197.6% in the 2nd quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company's stock worth $79,498,000 after purchasing an additional 187,142 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Air Products and Chemicals by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company's stock valued at $29,271,000 after purchasing an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of Air Products and Chemicals by 52.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company's stock valued at $1,873,000 after buying an additional 2,229 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Trading Down 1.9%

Shares of APD opened at $303.42 on Thursday. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The firm's 50-day moving average price is $292.50 and its 200-day moving average price is $288.85. The firm has a market capitalization of $67.57 billion, a price-to-earnings ratio of -1,379.18, a PEG ratio of 2.69 and a beta of 0.73.

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 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the business posted $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. Sell-side analysts anticipate 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. Investors of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date 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 currently -3,290.91%.

Analyst Ratings Changes

Several analysts have issued reports on APD shares. Bank of America upped their target price on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Mizuho boosted their price target on shares of 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. Sanford C. Bernstein reissued an "outperform" rating and issued a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. 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 research note on Friday, July 31st. One research 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. According to MarketBeat, Air Products and Chemicals has a consensus 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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