Aurdan Capital Management LLC Reduces Stake in Air Products and Chemicals, Inc. $APD

Aurdan Capital Management LLC lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 26.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,506 shares of the basic materials company’s stock after selling 3,108 shares during the period. Air Products and Chemicals accounts for approximately 0.7% of Aurdan Capital Management LLC’s portfolio, making the stock its 28th biggest position. Aurdan Capital Management LLC’s holdings in Air Products and Chemicals were worth $2,320,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of APD. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $28,000. Traub Capital Management LLC acquired a new position in Air Products and Chemicals in the second quarter valued at approximately $28,000. Abound Wealth Management lifted its holdings in Air Products and Chemicals by 292.3% in the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 76 shares during the last quarter. Westside Investment Management Inc. increased its stake in Air Products and Chemicals by 228.1% during the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. Finally, Financial Connections Group Inc. raised its position in Air Products and Chemicals by 46.7% in the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.1%

Shares of APD stock opened at $283.48 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $336.64. The company has a 50 day moving average price of $256.12 and a 200 day moving average price of $268.24. The stock has a market capitalization of $63.12 billion, a P/E ratio of -187.74, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company posted $2.86 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. 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. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company increased their target price on shares of Air Products and Chemicals from $250.00 to $270.00 and gave the stock an “equal weight” rating in a research note on Monday. 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 note on Friday, November 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday. Finally, Argus dropped their target price on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $295.88.

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.