Wellington Management Group LLP Has $5.41 Million Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Wellington Management reduced its Air Products and Chemicals position by 62.9% in the second quarter, selling 31,366 shares and retaining 18,467 shares valued at approximately $5.41 million. Institutional investors and hedge funds own 81.66% of the company.
• Air Products reported quarterly EPS of $3.47, beating estimates of $3.34, while revenue of $3.16 billion fell short of expectations. The company reaffirmed fiscal 2026 EPS guidance of $13.39 to $13.49.
• The company declared a quarterly dividend of $1.81 per share, representing a 2.5% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $336.53, above the stock’s reported $295.49 price.

Wellington Management Group LLP decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 62.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,467 shares of the basic materials company's stock after selling 31,366 shares during the quarter. Wellington Management Group LLP's holdings in Air Products and Chemicals were worth $5,414,000 at the end of the most recent reporting period.

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

Air Products and Chemicals Stock Down 0.7%

Shares of NYSE:APD opened at $295.49 on Thursday. The company has a fifty day moving average of $301.38 and a 200-day moving average of $292.73. The company has a market capitalization of $65.80 billion, a PE ratio of -1,343.12, a price-to-earnings-growth ratio of 3.00 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87.

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 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations 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%.Air Products and Chemicals's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid 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 2.5%. Air Products and Chemicals's dividend payout ratio is currently -3,290.91%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $373.00 target price on shares of Air Products and Chemicals in a report on Friday, July 31st. Argus boosted their price target on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a report on Wednesday. Evercore restated an "outperform" rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 10th. Citigroup raised their price objective on Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company lifted their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $336.53.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.

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