ProShare Advisors LLC Trims Stake in Air Products and Chemicals, Inc. $APD

ProShare Advisors LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,375 shares of the basic materials company’s stock after selling 35,114 shares during the period. ProShare Advisors LLC owned 0.27% of Air Products and Chemicals worth $164,825,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of APD. Vanguard Group Inc. boosted 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 valued at $6,131,936,000 after purchasing an additional 324,885 shares in the last quarter. State Street Corp boosted its holdings in shares of Air Products and Chemicals by 1.9% during the 2nd quarter. State Street Corp now owns 9,452,914 shares of the basic materials company’s stock valued at $2,666,289,000 after buying an additional 180,056 shares in the last quarter. Dodge & Cox grew its position in shares of Air Products and Chemicals by 0.7% in the 2nd quarter. Dodge & Cox now owns 8,821,400 shares of the basic materials company’s stock worth $2,488,164,000 after buying an additional 61,678 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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 worth $1,814,839,000 after acquiring an additional 310,799 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Air Products and Chemicals by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,134,550 shares of the basic materials company’s stock valued at $1,450,526,000 after acquiring an additional 27,256 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $283.21 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46. The firm has a market cap of $63.06 billion, a price-to-earnings ratio of -187.56, a price-to-earnings-growth ratio of 2.77 and a beta of 0.87. The business has a 50-day simple moving average of $256.56 and a two-hundred day simple moving average of $267.75. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $321.47.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the business posted $2.86 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. On average, analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $1.81 per share. The ex-dividend date is Wednesday, April 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -474.17%.

Analyst Upgrades and Downgrades

APD has been the subject of a number of analyst reports. Evercore decreased 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. Mizuho cut their price target on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft set a $255.00 target price on Air Products and Chemicals in a report on Wednesday, December 10th. Citigroup increased their target price on Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada lowered their price target on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $295.88.

Air Products and Chemicals 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.