Envestnet Portfolio Solutions Inc. Reduces Stock Holdings in Air Products and Chemicals, Inc. $APD

Envestnet Portfolio Solutions Inc. lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 39.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,333 shares of the basic materials company’s stock after selling 3,456 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Air Products and Chemicals were worth $1,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of APD. Financial Connections Group Inc. increased its holdings in Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 35 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its position in shares of Air Products and Chemicals by 1.6% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock worth $642,000 after purchasing an additional 35 shares during the last quarter. YANKCOM Partnership increased its holdings in Air Products and Chemicals by 1.3% in the second quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock valued at $791,000 after buying an additional 35 shares during the last quarter. Atlatl Advisers LLC increased its holdings in Air Products and Chemicals by 2.5% in the second quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock valued at $420,000 after buying an additional 37 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Air Products and Chemicals by 7.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock worth $160,000 after buying an additional 37 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APD. Weiss Ratings reissued a “sell (d+)” rating on shares of Air Products and Chemicals in a research report on Monday, December 29th. Evercore ISI lowered 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 note on Tuesday, November 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of Air Products and Chemicals in a report on Tuesday, December 9th. Royal Bank Of Canada reduced their price target on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, December 8th. 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 company. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $293.80.

Air Products and Chemicals Stock Performance

Shares of APD opened at $258.91 on Wednesday. The firm has a fifty day moving average of $253.96 and a 200-day moving average of $268.87. The company has a market cap of $57.63 billion, a price-to-earnings ratio of -145.45, a price-to-earnings-growth ratio of 2.58 and a beta of 0.87. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year 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 the consensus estimate of $3.38 by $0.01. The firm 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%. Air Products and Chemicals’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $3.56 EPS. 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, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be given a $1.81 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $7.24 annualized dividend and a yield of 2.8%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s payout ratio is -402.25%.

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.