Tran Capital Management L.P. Has $687,000 Stock Position in Air Products and Chemicals, Inc. $APD

Key Points

• Tran Capital Management cut its Air Products and Chemicals position by 92% in the second quarter, selling 26,823 shares and retaining 2,343 shares valued at approximately $687,000.
• Air Products reported quarterly EPS of $3.47, exceeding analysts’ $3.34 estimate, while revenue of $3.16 billion fell short of the $3.20 billion consensus; revenue nonetheless increased 4.6% year over year.
• The company declared a quarterly dividend of $1.81 per share, equivalent to $7.24 annually and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $332.76.

Tran Capital Management L.P. reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 92.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,343 shares of the basic materials company's stock after selling 26,823 shares during the quarter. Tran Capital Management L.P.'s holdings in Air Products and Chemicals were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of APD. Brighton Jones LLC grew its position in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after buying an additional 412 shares during the period. Bison Wealth LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at approximately $245,000. Sei Investments Co. lifted its holdings in Air Products and Chemicals by 197.6% in the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company's stock valued at $79,498,000 after buying an additional 187,142 shares during the period. Treasurer of the State of North Carolina boosted its stake in Air Products and Chemicals by 2.1% in the second 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 acquiring an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in 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 worth $1,873,000 after acquiring an additional 2,229 shares during the period. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $305.44 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The firm has a fifty day moving average of $292.95 and a 200-day moving average of $289.17. The firm has a market capitalization of $68.02 billion, a price-to-earnings ratio of -1,388.36, a price-to-earnings-growth ratio of 2.64 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. The business had revenue of $3.16 billion for 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 firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Berenberg Bank set a $350.00 price target on Air Products and Chemicals and gave the stock a "buy" rating in a research report on Monday, April 20th. UBS Group increased their target price on Air Products and Chemicals from $330.00 to $336.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Bank of America raised their target price on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a "neutral" rating in a report on Tuesday, April 21st. Weiss Ratings lowered Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $320.00 price target 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 company's stock. According to MarketBeat, the company currently 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.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source