Massachusetts Financial Services Co. MA Sells 37,429 Shares of Air Products and Chemicals, Inc. $APD

Massachusetts Financial Services Co. MA cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,236,899 shares of the basic materials company’s stock after selling 37,429 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Air Products and Chemicals were worth $348,880,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new position in Air Products and Chemicals during the first quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at approximately $27,000. Westside Investment Management Inc. boosted its stake in Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. Financial Connections Group Inc. boosted its stake in Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 35 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $259.50 on Friday. The company has a fifty day moving average price of $265.89 and a 200 day moving average price of $277.89. The firm has a market cap of $57.75 billion, a PE ratio of 37.34, a PEG ratio of 5.16 and a beta of 0.81. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 1-year low of $235.55 and a 1-year high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.18 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.56 earnings per share. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS. FY 2026 guidance at 12.850-13.150 EPS. Research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

APD has been the topic of several analyst reports. Mizuho set a $300.00 target price on shares of Air Products and Chemicals in a report on Friday, November 7th. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a research report on Wednesday, October 1st. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Evercore ISI lowered their price target on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Finally, UBS Group dropped their price target on Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus target price of $313.75.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.