Air Products and Chemicals, Inc. $APD Shares Sold by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 59.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,071 shares of the basic materials company’s stock after selling 22,334 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Air Products and Chemicals were worth $4,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of APD. Vanguard Group Inc. grew its holdings in shares of Air Products and Chemicals by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 22,000,734 shares of the basic materials company’s stock worth $6,000,040,000 after acquiring an additional 260,904 shares during the period. State Street Corp boosted its position in Air Products and Chemicals by 1.9% during the second quarter. State Street Corp now owns 9,452,914 shares of the basic materials company’s stock worth $2,666,289,000 after purchasing an additional 180,056 shares in the last quarter. Dodge & Cox boosted its position in Air Products and Chemicals by 0.7% during the second quarter. Dodge & Cox now owns 8,821,400 shares of the basic materials company’s stock worth $2,488,164,000 after purchasing an additional 61,678 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Air Products and Chemicals by 5.1% in 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 purchasing an additional 310,799 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Air Products and Chemicals by 0.5% in the second quarter. Geode Capital Management LLC now owns 5,134,550 shares of the basic materials company’s stock valued at $1,450,526,000 after buying an additional 27,256 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $273.02 on Wednesday. The company has a 50-day simple moving average of $268.39 and a 200-day simple moving average of $266.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. The company has a market cap of $60.79 billion, a PE ratio of -180.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.88. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $318.66.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. Air Products and Chemicals’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.86 earnings per share. 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. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be paid a $1.81 dividend. The ex-dividend date is Wednesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 annualized dividend and a yield of 2.7%. Air Products and Chemicals’s payout ratio is currently -474.17%.

Insiders Place Their Bets

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $284.21, for a total value of $19,944,436.75. Following the sale, the director directly owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. This trade represents a 42.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Bank of America upgraded shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 price objective on the stock in a research report on Thursday, January 8th. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $250.00 to $270.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a $282.00 price target on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Mizuho cut their price objective on 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, Weiss Ratings lowered Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Hold” and an average target price 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.