Pacific Heights Asset Management LLC Increases Holdings in Air Products and Chemicals, Inc. $APD

Pacific Heights Asset Management LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 17.6% in the fourth quarter, Holdings Channel reports. The firm owned 100,000 shares of the basic materials company’s stock after buying an additional 15,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in Air Products and Chemicals were worth $24,702,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of APD. Holos Integrated Wealth LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. boosted its holdings in shares of Air Products and Chemicals by 3,233.3% in the fourth 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 during the period. Caitlin John LLC purchased a new stake in shares of Air Products and Chemicals in the third quarter valued at approximately $30,000. Financial Life Planners purchased a new stake in shares of Air Products and Chemicals in the third quarter valued at approximately $30,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Air Products and Chemicals in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Weiss Ratings upgraded Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, May 4th. Berenberg Bank set a $350.00 target price on Air Products and Chemicals and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Citigroup upped their target price on Air Products and Chemicals from $285.00 to $315.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.12.

Air Products and Chemicals Stock Down 0.1%

Air Products and Chemicals stock opened at $295.14 on Monday. The business has a fifty day moving average of $292.82 and a two-hundred day moving average of $271.99. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. The firm has a market cap of $65.72 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.59 and a beta of 0.77. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve 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 for the quarter, topping analysts’ consensus estimates of $3.06 by $0.14. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates 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 revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, analysts forecast that Air Products and Chemicals, Inc. will post 13.2 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be given 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 2.5%. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

Insider Activity

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.88% of the company’s stock.

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.