17 Capital Partners LLC Decreases Stock Position in Air Products and Chemicals, Inc. $APD

17 Capital Partners LLC reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,710 shares of the basic materials company’s stock after selling 476 shares during the quarter. 17 Capital Partners LLC’s holdings in Air Products and Chemicals were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Ensign Peak Advisors Inc increased its stake in shares of Air Products and Chemicals by 5.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 343,559 shares of the basic materials company’s stock worth $96,904,000 after purchasing an additional 18,746 shares in the last quarter. Empirical Finance LLC increased its position in Air Products and Chemicals by 0.7% during the second quarter. Empirical Finance LLC now owns 7,779 shares of the basic materials company’s stock worth $2,194,000 after buying an additional 53 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Air Products and Chemicals by 2.4% in the second quarter. TD Waterhouse Canada Inc. now owns 5,701 shares of the basic materials company’s stock worth $1,626,000 after acquiring an additional 136 shares during the last quarter. Stonebrook Private Inc. lifted its position in shares of Air Products and Chemicals by 1.9% in the second quarter. Stonebrook Private Inc. now owns 9,202 shares of the basic materials company’s stock valued at $2,592,000 after acquiring an additional 176 shares in the last quarter. Finally, Traub Capital Management LLC acquired a new stake in shares of Air Products and Chemicals during the second quarter valued at $28,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $253.34 on Thursday. The company has a market cap of $56.38 billion, a P/E ratio of 36.45, a P/E/G ratio of 5.16 and a beta of 0.81. The firm’s 50 day moving average is $263.79 and its two-hundred day moving average is $277.45. Air Products and Chemicals, Inc. has a fifty-two week low of $235.55 and a fifty-two week high of $341.14. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.56 EPS. 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. Analysts expect that Air Products and Chemicals, Inc. will post 12.69 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, February 9th. Stockholders of record on Friday, January 2nd will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is -402.25%.

Analyst Upgrades and Downgrades

APD has been the topic of a number of recent research reports. Citigroup reduced their target price on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a report on Wednesday, October 1st. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Finally, Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have given 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $313.75.

About Air Products and Chemicals

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.