Associated Banc Corp Cuts Stock Position in Air Products and Chemicals, Inc. $APD

Associated Banc Corp trimmed its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,345 shares of the basic materials company’s stock after selling 932 shares during the period. Associated Banc Corp’s holdings in Air Products and Chemicals were worth $27,457,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Dodge & Cox lifted its stake in Air Products and Chemicals by 31.5% in the 1st quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock valued at $2,583,417,000 after buying an additional 2,096,568 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Air Products and Chemicals by 110.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock valued at $425,202,000 after acquiring an additional 756,780 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Air Products and Chemicals by 13.3% in the second quarter. Franklin Resources Inc. now owns 3,794,781 shares of the basic materials company’s stock worth $1,070,356,000 after acquiring an additional 444,855 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Air Products and Chemicals by 1.5% during the second quarter. Vanguard Group Inc. now owns 21,739,830 shares of the basic materials company’s stock worth $6,131,936,000 after purchasing an additional 324,885 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Air Products and Chemicals by 5.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,434,228 shares of the basic materials company’s stock valued at $1,814,839,000 after purchasing an additional 310,799 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.4%

NYSE APD opened at $256.43 on Tuesday. Air Products and Chemicals, Inc. has a 12 month low of $235.55 and a 12 month high of $341.14. The stock has a market capitalization of $57.07 billion, a P/E ratio of 36.90, a PEG ratio of 5.16 and a beta of 0.81. The firm’s 50-day moving average is $261.54 and its two-hundred day moving average is $277.23. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the previous year, the firm earned $3.56 EPS. The business’s revenue was down .6% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 2nd will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s dividend payout ratio is -402.25%.

Wall Street Analysts Forecast Growth

APD has been the subject of a number of research reports. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Royal Bank Of Canada cut their price objective on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Finally, Citigroup lowered their target price on 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. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.