Patriot Financial Group Insurance Agency LLC Sells 3,164 Shares of Air Products and Chemicals, Inc. $APD

Patriot Financial Group Insurance Agency LLC reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 44.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,910 shares of the basic materials company’s stock after selling 3,164 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Air Products and Chemicals were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APD. Vanguard Group Inc. increased its position in Air Products and Chemicals by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 22,304,678 shares of the basic materials company’s stock worth $5,509,702,000 after buying an additional 303,944 shares during the period. Capital International Investors boosted its position in shares of Air Products and Chemicals by 44.2% in the fourth quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after acquiring an additional 3,922,567 shares during the period. Capital Research Global Investors boosted its position in shares of Air Products and Chemicals by 1.2% in the fourth quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company’s stock valued at $2,940,665,000 after acquiring an additional 137,595 shares during the period. State Street Corp grew its stake in shares of Air Products and Chemicals by 3.7% in the fourth quarter. State Street Corp now owns 9,911,504 shares of the basic materials company’s stock valued at $2,448,340,000 after acquiring an additional 352,012 shares in the last quarter. Finally, Dodge & Cox increased its position in Air Products and Chemicals by 2.6% during the fourth quarter. Dodge & Cox now owns 9,236,610 shares of the basic materials company’s stock worth $2,281,627,000 after acquiring an additional 231,718 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 0.5%

APD opened at $305.44 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The company has a 50-day simple moving average of $292.95 and a 200 day simple moving average of $289.17. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $68.02 billion, a price-to-earnings ratio of -1,388.36, a P/E/G ratio of 2.64 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $3.09 EPS. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. Analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -3,290.91%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. 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 research note on Friday, May 1st. Citigroup raised their target price on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Evercore reiterated an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. Sanford C. Bernstein reissued an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 31st. Finally, Bank of America raised their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $332.76.

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.