Air Products and Chemicals, Inc. $APD Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 281,948 shares of the basic materials company’s stock after selling 14,077 shares during the quarter. Victory Capital Management Inc.’s holdings in Air Products and Chemicals were worth $76,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Traub Capital Management LLC acquired a new stake in shares of Air Products and Chemicals in the second quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $28,000. Abound Wealth Management increased its holdings in shares of Air Products and Chemicals by 292.3% during the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after buying an additional 76 shares during the last quarter. Caitlin John LLC acquired a new position in Air Products and Chemicals in the third quarter valued at $30,000. Finally, Cloud Capital Management LLC purchased a new stake in Air Products and Chemicals during the third quarter valued at about $34,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were 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 in the company, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APD. BMO Capital Markets reiterated a “market perform” rating and set a $282.00 target price on shares of Air Products and Chemicals in a report on Monday, February 2nd. JPMorgan Chase & Co. boosted their price target on Air Products and Chemicals from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Evercore lowered their price objective on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 13th. Finally, Citigroup lifted their price target on shares of Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $295.88.

Air Products and Chemicals Stock Performance

APD stock opened at $276.26 on Friday. The company has a market capitalization of $61.51 billion, a P/E ratio of -182.95, a PEG ratio of 2.69 and a beta of 0.88. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. The company has a 50-day simple moving average of $269.59 and a 200 day simple moving average of $266.77. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $318.66.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share (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 business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the firm posted $2.86 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. 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. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company 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 dividend of $1.81 per share. 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 2.6%. The ex-dividend date of this dividend is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is -474.17%.

Air Products and Chemicals 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.