Griffin Asset Management Inc. Has $9.52 Million Stake in Air Products and Chemicals, Inc. $APD

Griffin Asset Management Inc. reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 11.1% during the third quarter, HoldingsChannel reports. The firm owned 34,892 shares of the basic materials company’s stock after selling 4,375 shares during the period. Griffin Asset Management Inc.’s holdings in Air Products and Chemicals were worth $9,516,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Saudi Central Bank acquired a new stake in Air Products and Chemicals during the 1st quarter worth about $26,000. Traub Capital Management LLC bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at about $28,000. Abound Wealth Management grew its stake in Air Products and Chemicals by 292.3% during the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 76 shares during the period. Finally, Westside Investment Management Inc. increased its holdings in Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on APD shares. UBS Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $310.00 to $250.00 in a research report on Thursday, December 11th. Royal Bank Of Canada cut their target price on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Wolfe Research restated an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, December 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Air Products and Chemicals in a report on Tuesday, December 9th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $250.00 price objective (down previously from $330.00) on shares of Air Products and Chemicals in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and a consensus target price of $292.47.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $247.50 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. The firm has a fifty day simple moving average of $251.05 and a two-hundred day simple moving average of $272.80. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $341.14. The firm has a market capitalization of $55.09 billion, a PE ratio of -139.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.86.

Air Products and Chemicals (NYSE:APD) last released 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 firm had revenue of $3.13 billion for the quarter, compared to analyst estimates 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 business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last 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. Analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed 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 payout ratio 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.