Smith Chas P & Associates PA Cpas Trims Stake in Air Products and Chemicals

Institutional investor reduces holdings in basic materials company by 40.8% in Q3

Published on Mar. 4, 2026

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Smith Chas P & Associates PA Cpas, an institutional investor, trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 40.8% in the third quarter, according to a recent 13F filing with the SEC. The firm now owns 78,502 shares of the basic materials company's stock, valued at $21.4 million.

Why it matters

Air Products and Chemicals is a major global supplier of industrial gases and related equipment, headquartered in Allentown, Pennsylvania. The company's stock performance and institutional ownership are closely watched by investors and analysts as indicators of the firm's financial health and market position.

The details

According to the 13F filing, Smith Chas P & Associates PA Cpas sold 54,183 shares of Air Products and Chemicals during the third quarter, reducing its total holdings to 78,502 shares. The firm cited unspecified portfolio management reasons for the reduction in its position. Air Products and Chemicals accounts for 1.9% of Smith Chas P & Associates PA Cpas' total investment portfolio.

  • Smith Chas P & Associates PA Cpas filed the 13F disclosure for the third quarter of the year.

The players

Smith Chas P & Associates PA Cpas

An institutional investment firm that manages a portfolio of stocks, including a position in Air Products and Chemicals.

Air Products and Chemicals, Inc.

A global supplier of industrial gases and related equipment, headquartered in Allentown, Pennsylvania.

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The takeaway

The reduction in Smith Chas P & Associates PA Cpas' stake in Air Products and Chemicals is a relatively minor change in the company's institutional ownership, but it reflects the ongoing scrutiny and portfolio adjustments made by large investors in response to market conditions and their own investment strategies.