Greenleaf Trust Cuts Stock Holdings in Air Products and Chemicals, Inc. $APD

Greenleaf Trust decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 70.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,181 shares of the basic materials company’s stock after selling 9,786 shares during the quarter. Greenleaf Trust’s holdings in Air Products and Chemicals were worth $1,140,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in APD. Vanguard Group Inc. grew its position in Air Products and Chemicals by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,739,830 shares of the basic materials company’s stock worth $6,131,936,000 after purchasing an additional 324,885 shares in the last quarter. State Street Corp boosted its stake in shares of Air Products and Chemicals by 1.9% in the 2nd quarter. State Street Corp now owns 9,452,914 shares of the basic materials company’s stock worth $2,666,289,000 after buying an additional 180,056 shares during the last quarter. Dodge & Cox grew its holdings in shares of Air Products and Chemicals by 0.7% in the second quarter. Dodge & Cox now owns 8,821,400 shares of the basic materials company’s stock valued at $2,488,164,000 after acquiring an additional 61,678 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Air Products and Chemicals by 5.1% during the second quarter. JPMorgan Chase & Co. now owns 6,434,228 shares of the basic materials company’s stock valued at $1,814,839,000 after acquiring an additional 310,799 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Air Products and Chemicals by 0.5% during the second quarter. Geode Capital Management LLC now owns 5,134,550 shares of the basic materials company’s stock worth $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 $261.94 on Thursday. The firm has a market capitalization of $58.30 billion, a PE ratio of -147.15, a P/E/G ratio of 2.54 and a beta of 0.87. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average price of $250.73 and a two-hundred day moving average price of $271.27. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the prior year, the company posted $3.56 EPS. Air Products and Chemicals’s revenue was down .6% compared to the same quarter last year. 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. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 2nd will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s payout ratio is presently -402.25%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $300.00 to $245.00 in a research note on Monday, December 15th. Royal Bank Of Canada decreased their price objective on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $255.00 price objective on shares of Air Products and Chemicals in a research report on Wednesday, December 10th. Mizuho reduced their target price on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Finally, Argus lowered their price target on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $292.47.

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.