Air Products and Chemicals, Inc. $APD Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 51.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,925 shares of the basic materials company’s stock after selling 3,058 shares during the quarter. Praxis Investment Management Inc.’s holdings in Air Products and Chemicals were worth $723,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Holos Integrated Wealth LLC acquired a new position in Air Products and Chemicals during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. increased its stake in Air Products and Chemicals by 3,233.3% during the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 97 shares in the last quarter. Financial Life Planners acquired a new position in Air Products and Chemicals during the 3rd quarter valued at approximately $30,000. Caitlin John LLC acquired a new position in Air Products and Chemicals during the 3rd quarter valued at approximately $30,000. Finally, Cloud Capital Management LLC acquired a new position in Air Products and Chemicals during the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $294.94 on Friday. The company’s fifty day moving average price is $289.84 and its 200 day moving average price is $270.03. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $307.29. The company has a market capitalization of $65.68 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 2.64 and a beta of 0.77. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.14. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. 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, research analysts predict that Air Products and Chemicals, Inc. will post 13.18 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is 76.19%.

Wall Street Analysts Forecast Growth

APD has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $315.00 price objective on shares of Air Products and Chemicals in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $315.00 price objective on shares of Air Products and Chemicals in a report on Monday. Berenberg Bank set a $350.00 price objective on shares of Air Products and Chemicals and gave the company a “buy” rating in a report on Monday, April 20th. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada upped 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 report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.12.

Insiders Place Their Bets

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the stock in a transaction 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 directly owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction 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 sale, the director directly owned 93,499 shares in the company, valued at $26,573,350.79. This trade represents a 42.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.88% of the company’s stock.

Air Products and Chemicals 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.