Blair William & Co. IL increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 113,181 shares of the basic materials company’s stock after purchasing an additional 2,877 shares during the quarter. Blair William & Co. IL’s holdings in Air Products and Chemicals were worth $30,867,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership grew its position in Air Products and Chemicals by 1.3% during the 2nd quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock worth $791,000 after purchasing an additional 35 shares during the last quarter. Sage Capital Advisors llc raised its holdings in shares of Air Products and Chemicals by 0.3% in the third quarter. Sage Capital Advisors llc now owns 14,930 shares of the basic materials company’s stock valued at $4,072,000 after buying an additional 38 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in shares of Air Products and Chemicals by 3.7% during the third quarter. Journey Strategic Wealth LLC now owns 1,085 shares of the basic materials company’s stock worth $296,000 after buying an additional 39 shares during the period. Essex Financial Services Inc. boosted its stake in shares of Air Products and Chemicals by 1.0% during the third quarter. Essex Financial Services Inc. now owns 4,239 shares of the basic materials company’s stock worth $1,156,000 after buying an additional 40 shares during the period. Finally, Cape Investment Advisory Inc. grew its holdings in shares of Air Products and Chemicals by 1.1% during the second quarter. Cape Investment Advisory Inc. now owns 3,611 shares of the basic materials company’s stock worth $1,019,000 after buying an additional 41 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, Director Ridge Lp Mantle sold 70,175 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 93,499 shares in the company, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.88% of the company’s stock.
Air Products and Chemicals Stock Performance
Air Products and Chemicals (NYSE:APD – Get Free Report) last released its earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.04 by $0.12. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.86 EPS. 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, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.
Air Products and Chemicals Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be given a $1.81 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -474.17%.
Wall Street Analyst Weigh In
APD has been the subject of several analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $282.00 price objective on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Wolfe Research restated an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, December 8th. Wells Fargo & Company increased their price target on Air Products and Chemicals from $250.00 to $270.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. Finally, Evercore lowered their price objective on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $295.88.
Check Out Our Latest Report on APD
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.
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