Air Products and Chemicals, Inc. $APD Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 48.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,440 shares of the basic materials company’s stock after selling 3,203 shares during the quarter. Gabelli Funds LLC’s holdings in Air Products and Chemicals were worth $1,009,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new stake in Air Products and Chemicals in the fourth quarter worth about $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $25,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $26,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

Shares of APD opened at $305.55 on Friday. The firm’s 50 day moving average is $295.82 and its 200-day moving average is $290.75. The stock has a market capitalization of $68.04 billion, a P/E ratio of -1,388.86, a P/E/G ratio of 2.65 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping 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 business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm earned $3.09 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. 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. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders 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 dividend payout ratio is currently -3,290.91%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on APD shares. Mizuho raised their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. UBS Group upped their target price on Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Evercore reiterated an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. Finally, Wells Fargo & Company boosted their price objective on 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 investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.