Patrick Mauro Investment Advisor INC. Decreases Stake in Air Products and Chemicals, Inc. $APD

Patrick Mauro Investment Advisor INC. reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 19.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,365 shares of the basic materials company’s stock after selling 2,466 shares during the quarter. Air Products and Chemicals comprises about 1.3% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 27th largest holding. Patrick Mauro Investment Advisor INC.’s holdings in Air Products and Chemicals were worth $2,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rockland Trust Co. raised its position in shares of Air Products and Chemicals by 8.2% in the 4th quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock valued at $14,058,000 after purchasing an additional 4,319 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Air Products and Chemicals by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock valued at $121,909,000 after purchasing an additional 23,760 shares during the last quarter. Barclays PLC raised its position in shares of Air Products and Chemicals by 16.4% in the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock valued at $215,356,000 after purchasing an additional 111,317 shares during the last quarter. Mather Group LLC. raised its position in shares of Air Products and Chemicals by 11.5% in the 4th quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock valued at $14,197,000 after purchasing an additional 5,909 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Air Products and Chemicals by 0.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock valued at $627,065,000 after purchasing an additional 21,479 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on APD. Royal Bank Of Canada increased their price objective on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Wells Fargo & Company increased their price target on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Jefferies Financial Group increased their price target 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. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Morgan Stanley increased their price target on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.12.

Insider Activity at Air Products and Chemicals

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the sale, the chief financial officer owned 14,212 shares of the company’s stock, valued at $4,317,037.12. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.88% of the stock is owned by insiders.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $278.37 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $307.96. The company’s 50 day moving average is $294.21 and its 200 day moving average is $274.66. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market cap of $61.99 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 2.49 and a beta of 0.77.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.14. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $2.69 EPS. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. On average, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 13.2 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.19%.

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.