Confluence Investment Management LLC Has $55.24 Million Stock Holdings in Air Products and Chemicals, Inc. $APD

Confluence Investment Management LLC cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 202,554 shares of the basic materials company’s stock after selling 3,406 shares during the quarter. Confluence Investment Management LLC owned 0.09% of Air Products and Chemicals worth $55,241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Air Products and Chemicals during the 2nd quarter worth approximately $1,020,081,000. Viking Global Investors LP purchased a new position in Air Products and Chemicals during the second quarter worth about $607,601,000. First Trust Advisors LP boosted its stake in shares of Air Products and Chemicals by 268.7% in the 2nd quarter. First Trust Advisors LP now owns 822,589 shares of the basic materials company’s stock worth $232,019,000 after buying an additional 599,513 shares during the last quarter. Franklin Resources Inc. boosted its position in 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 purchasing an additional 444,855 shares during the last quarter. Finally, Invesco Ltd. grew its position in Air Products and Chemicals by 43.3% during the second quarter. Invesco Ltd. now owns 1,432,928 shares of the basic materials company’s stock valued at $404,172,000 after buying an additional 432,770 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $244.76 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38. The business’s 50 day moving average price is $251.90 and its 200-day moving average price is $273.67. The firm has a market cap of $54.48 billion, a P/E ratio of -137.50, a P/E/G ratio of 2.36 and a beta of 0.85. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, topping the consensus estimate of $3.38 by $0.01. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the company posted $3.56 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. On average, equities research 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. Investors of record on Friday, January 2nd will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Air Products and Chemicals’s dividend payout ratio is presently -402.25%.

Analysts Set New Price Targets

Several equities analysts have weighed in on APD shares. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Air Products and Chemicals in a research note on Tuesday, December 16th. Citigroup cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $300.00 to $245.00 in a research report on Monday, December 15th. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a report on Wednesday, October 1st. Finally, Evercore ISI cut their target price on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $292.47.

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.