Air Products and Chemicals, Inc. $APD Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 89.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,458 shares of the basic materials company’s stock after selling 293,659 shares during the quarter. Voya Investment Management LLC’s holdings in Air Products and Chemicals were worth $9,943,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Air Products and Chemicals in the 2nd quarter worth $1,020,081,000. Viking Global Investors LP purchased a new position in shares of Air Products and Chemicals in the 2nd quarter worth about $607,601,000. First Trust Advisors LP lifted 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 valued at $232,019,000 after purchasing an additional 599,513 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Air Products and Chemicals by 13.3% during the 2nd 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 period. Finally, Invesco Ltd. raised its holdings in Air Products and Chemicals by 43.3% in 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. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APD has been the subject of several recent research reports. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft set a $255.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, December 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Air Products and Chemicals in a report on Tuesday, December 9th. Finally, Evercore ISI lowered their target price on 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals has an average rating of “Hold” and an average target price of $292.47.

Air Products and Chemicals Trading Down 0.0%

APD opened at $244.73 on Wednesday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $341.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20. The stock has a market capitalization of $54.47 billion, a PE ratio of -137.49, a P/E/G ratio of 2.41 and a beta of 0.86. The firm’s fifty day moving average price is $251.56 and its 200 day moving average price is $273.42.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share 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 company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the firm earned $3.56 EPS. The company’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 and its FY 2026 guidance at 12.850-13.150 EPS. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 2nd will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis 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 (DPR) is currently -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.