Greenup Street Wealth Management LLC Buys 2,416 Shares of Air Products and Chemicals, Inc. $APD

Greenup Street Wealth Management LLC grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 60.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,436 shares of the basic materials company’s stock after buying an additional 2,416 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,870,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC purchased a new stake in Air Products and Chemicals during the fourth quarter valued at about $25,000. Richardson Financial Services Inc. boosted its holdings in shares of Air Products and Chemicals by 3,233.3% in the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 97 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Air Products and Chemicals in the 4th quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals during the 4th quarter valued at about $25,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at about $25,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals stock in a transaction on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the sale, the chief financial officer owned 14,212 shares in the company, valued at $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.88% of the stock is owned by insiders.

Air Products and Chemicals Price Performance

APD stock opened at $278.46 on Thursday. The stock has a market capitalization of $62.01 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 2.48 and a beta of 0.74. The firm’s 50-day moving average price is $290.36 and its two-hundred day moving average price is $277.62. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $307.96.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.14. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.Air Products and Chemicals’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $2.69 earnings per share. 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. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 13.23 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be issued a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio is currently 76.61%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings raised Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, May 4th. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a report on Friday, May 1st. Mizuho set a $345.00 price objective on shares of Air Products and Chemicals in a research note on Friday, May 1st. Finally, Morgan Stanley increased their target price on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.12.

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.