River Road Asset Management LLC Sells 2,458 Shares of Air Products and Chemicals, Inc. $APD

River Road Asset Management LLC trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,171 shares of the basic materials company’s stock after selling 2,458 shares during the period. River Road Asset Management LLC’s holdings in Air Products and Chemicals were worth $11,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Air Products and Chemicals Trading Up 1.1%

APD stock opened at $308.86 on Friday. The company has a market capitalization of $68.78 billion, a PE ratio of -1,403.92, a P/E/G ratio of 2.65 and a beta of 0.73. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. The firm’s 50-day moving average is $293.47 and its 200 day moving average is $289.30. 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 (NYSE:APD) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative net margin of 0.38% and a positive return on equity of 16.87%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous 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, research analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors 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 yield of 2.3%. Air Products and Chemicals’s dividend payout ratio is -3,290.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on APD shares. Morgan Stanley set a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Berenberg Bank set a $350.00 price objective on shares of Air Products and Chemicals and gave the stock a “buy” rating in a research note on Monday, April 20th. Mizuho boosted their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Bank of America increased their price target 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. One equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.76.

About Air Products and Chemicals

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.