Cibc World Market Inc. Sells 55,585 Shares of Air Products and Chemicals, Inc. $APD

Cibc World Market Inc. lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 92.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,284 shares of the basic materials company’s stock after selling 55,585 shares during the period. Cibc World Market Inc.’s holdings in Air Products and Chemicals were worth $1,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Air Products and Chemicals by 1.5% during the second quarter. Vanguard Group Inc. now owns 21,739,830 shares of the basic materials company’s stock valued at $6,131,936,000 after acquiring an additional 324,885 shares during the last quarter. State Street Corp raised its position in 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 worth $2,666,289,000 after purchasing an additional 180,056 shares during the last quarter. Dodge & Cox lifted its holdings in Air Products and Chemicals by 0.7% during the 2nd quarter. Dodge & Cox now owns 8,821,400 shares of the basic materials company’s stock worth $2,488,164,000 after buying an additional 61,678 shares during the period. JPMorgan Chase & Co. grew its position in shares of Air Products and Chemicals by 5.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,434,228 shares of the basic materials company’s stock valued at $1,814,839,000 after buying an additional 310,799 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Air Products and Chemicals by 0.5% in the second quarter. Geode Capital Management LLC now owns 5,134,550 shares of the basic materials company’s stock valued at $1,450,526,000 after buying an additional 27,256 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the business’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 value of $19,944,436.75. Following the completion of the sale, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.88% of the company’s stock.

Analysts Set New Price Targets

APD has been the subject of several recent analyst reports. UBS Group increased their price objective on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. 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. Evercore dropped their target price on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Finally, Argus cut their price objective on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $295.88.

Air Products and Chemicals Trading Down 0.7%

Air Products and Chemicals stock opened at $277.75 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $321.47. The stock has a market cap of $61.84 billion, a P/E ratio of -183.94, a PEG ratio of 2.74 and a beta of 0.87. The firm’s fifty day moving average price is $261.24 and its 200-day moving average price is $267.41.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the firm posted $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. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. Air Products and Chemicals’s payout ratio is -474.17%.

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.