Air Products and Chemicals, Inc. $APD is London Co. of Virginia’s 9th Largest Position

London Co. of Virginia cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,501,615 shares of the basic materials company’s stock after selling 22,891 shares during the quarter. Air Products and Chemicals makes up about 2.3% of London Co. of Virginia’s investment portfolio, making the stock its 9th largest position. London Co. of Virginia owned 0.67% of Air Products and Chemicals worth $409,528,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Air Products and Chemicals by 1.2% during the third quarter. Vanguard Group Inc. now owns 22,000,734 shares of the basic materials company’s stock valued at $6,000,040,000 after acquiring an additional 260,904 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Air Products and Chemicals by 2.4% in the 3rd quarter. Capital Research Global Investors now owns 11,766,942 shares of the basic materials company’s stock valued at $3,209,068,000 after purchasing an additional 272,197 shares in the last quarter. State Street Corp grew its holdings in shares of Air Products and Chemicals by 1.9% during the 2nd quarter. State Street Corp now owns 9,452,914 shares of the basic materials company’s stock valued at $2,666,289,000 after purchasing an additional 180,056 shares during the last quarter. Dodge & Cox raised its position in Air Products and Chemicals by 2.1% in the 3rd quarter. Dodge & Cox now owns 9,004,892 shares of the basic materials company’s stock worth $2,455,814,000 after purchasing an additional 183,492 shares during the period. Finally, Capital International Investors raised its position in Air Products and Chemicals by 7.4% in the 3rd quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock worth $2,419,029,000 after purchasing an additional 609,489 shares during the period. Institutional investors own 81.66% of the company’s stock.

Insider Activity

In related news, Director Ridge Lp Mantle sold 70,175 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the completion of the transaction, the director owned 93,499 shares in the company, valued at $26,573,350.79. This represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.88% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $289.39 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $274.08 and a 200-day moving average price of $265.77. The company has a market cap of $64.44 billion, a price-to-earnings ratio of -191.65, a price-to-earnings-growth ratio of 2.82 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 $301.11.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the firm earned $2.86 earnings per share. Air Products and Chemicals’s quarterly 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. As a group, equities analysts anticipate 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. The ex-dividend date is Wednesday, April 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio is -474.17%.

Analysts Set New Price Targets

Several analysts have issued reports on APD shares. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $270.00 to $325.00 in a report on Friday. Citigroup boosted their target price on Air Products and Chemicals from $272.00 to $285.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft set a $255.00 target price on Air Products and Chemicals in a report on Wednesday, December 10th. Finally, Mizuho decreased their price target on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $299.12.

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.