Intact Investment Management Inc. Cuts Position in Air Products and Chemicals, Inc. $APD

Intact Investment Management Inc. cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 61.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,400 shares of the basic materials company’s stock after selling 11,700 shares during the quarter. Intact Investment Management Inc.’s holdings in Air Products and Chemicals were worth $2,018,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after acquiring an additional 412 shares during the period. Bison Wealth LLC purchased a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $245,000. Perigon Wealth Management LLC grew its holdings in shares of Air Products and Chemicals by 15.8% in the second quarter. Perigon Wealth Management LLC now owns 1,636 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 223 shares during the last quarter. Patton Fund Management Inc. purchased a new position in shares of Air Products and Chemicals in the second quarter worth $232,000. Finally, ORG Partners LLC grew its holdings in Air Products and Chemicals by 24.5% in the 2nd quarter. ORG Partners LLC now owns 890 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 175 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on APD. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $250.00 price objective (down from $330.00) on shares of Air Products and Chemicals in a research note on Friday, December 19th. UBS Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $310.00 to $250.00 in a research report on Thursday, December 11th. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Argus decreased their target price on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Air Products and Chemicals in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $293.80.

Air Products and Chemicals Price Performance

APD opened at $262.60 on Tuesday. The company’s 50-day simple moving average is $253.83 and its two-hundred day simple moving average is $269.10. 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 stock has a market capitalization of $58.45 billion, a P/E ratio of -147.53, a P/E/G ratio of 2.57 and a beta of 0.87. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.56 earnings per share. 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. As a group, analysts predict 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. Investors of record on Friday, January 2nd will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s dividend payout ratio is -402.25%.

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.