Washington Trust Advisors Inc. Trims Stake in Air Products and Chemicals, Inc. $APD

Key Points

• Washington Trust Advisors cut its Air Products and Chemicals stake by 11.8% in the second quarter, selling 4,478 shares and retaining 33,458 shares valued at approximately $9.8 million. Institutional investors collectively own 81.66% of the company.
• Air Products exceeded quarterly EPS expectations, reporting $3.47 per share versus the $3.34 consensus, while revenue rose 4.6% year over year to $3.16 billion but fell short of estimates.
• The company declared a quarterly dividend of $1.81 per share, equivalent to a 2.4% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $332.76.

Washington Trust Advisors Inc. decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 11.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 33,458 shares of the basic materials company's stock after selling 4,478 shares during the period. Washington Trust Advisors Inc.'s holdings in Air Products and Chemicals were worth $9,809,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals in the first quarter worth $25,000. Fiduciary Financial Advisors acquired a new position in shares of Air Products and Chemicals during the second quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals during the 4th quarter valued at $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter worth $25,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 0.0%

NYSE APD opened at $301.19 on Monday. 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 debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The company 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. The company has a fifty day moving average of $300.91 and a 200 day moving average of $292.35.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.13. The company 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 for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts forecast that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors 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 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 -3,290.91%.

Analyst Ratings Changes

Several brokerages recently issued reports on APD. 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. Mizuho raised their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Citigroup boosted their price target on 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 increased 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 report on Thursday, August 6th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $373.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus price target of $332.76.

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.

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