Pitcairn Co. Reduces Stake in Air Products and Chemicals, Inc. $APD

Pitcairn Co. reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 40.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,620 shares of the basic materials company’s stock after selling 2,421 shares during the period. Pitcairn Co.’s holdings in Air Products and Chemicals were worth $987,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of APD. Traub Capital Management LLC bought a new position in shares of Air Products and Chemicals in the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $28,000. Abound Wealth Management raised its stake 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 valued at $28,000 after purchasing an additional 76 shares during the period. Caitlin John LLC purchased a new stake in Air Products and Chemicals during the 3rd quarter worth about $30,000. Finally, Cloud Capital Management LLC bought a new position in Air Products and Chemicals in the 3rd quarter worth about $34,000. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 93,499 shares of the company’s stock, valued at $26,573,350.79. The trade was a 42.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.88% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $271.92 on Friday. The stock’s 50-day simple moving average is $270.08 and its two-hundred day simple moving average is $266.65. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $318.66. The firm has a market capitalization of $60.55 billion, a P/E ratio of -180.08, a P/E/G ratio of 2.71 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.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company posted $2.86 EPS. The company’s revenue for the quarter 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. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be given a dividend of $1.81 per share. The ex-dividend date is Wednesday, April 1st. This is a boost 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 dividend payout ratio (DPR) is presently -474.17%.

Analyst Ratings Changes

APD has been the subject of a number of recent analyst reports. Mizuho reduced their target price on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, February 2nd. Wolfe Research reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research note on Monday, December 8th. Jefferies Financial Group upped their target price on shares of Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 13th. Eight 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. According to MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Hold” and a consensus target price of $295.88.

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.