Eventide Asset Management LLC Sells 5,091 Shares of Air Products and Chemicals, Inc. $APD

Eventide Asset Management LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 69.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,195 shares of the basic materials company’s stock after selling 5,091 shares during the quarter. Eventide Asset Management LLC’s holdings in Air Products and Chemicals were worth $546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Holos Integrated Wealth LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $25,000. Richardson Financial Services Inc. boosted its holdings in 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 buying an additional 97 shares during the period. Lloyd Advisory Services LLC. bought a new position in Air Products and Chemicals in the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the 4th quarter valued at approximately $25,000. Finally, Acumen Wealth Advisors LLC purchased a new position in Air Products and Chemicals in the 4th quarter valued at approximately $28,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on APD. Morgan Stanley increased their target price on Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Mizuho set a $345.00 price target on shares of Air Products and Chemicals in a report on Friday, May 1st. Weiss Ratings raised shares of Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Citigroup upped their price target on shares of 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 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.12.

Insider Activity at Air Products and Chemicals

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction dated 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 trade represents a 16.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.88% of the company’s stock.

Air Products and Chemicals Trading Up 0.5%

Shares of Air Products and Chemicals stock opened at $282.94 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $307.96. The firm has a market cap of $63.01 billion, a PE ratio of 29.94, a PEG ratio of 2.47 and a beta of 0.74. The company has a 50 day simple moving average of $292.47 and a two-hundred day simple moving average of $276.58.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.07 billion. During the same quarter last year, the company posted $2.69 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. 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. Analysts expect that Air Products and Chemicals, Inc. will post 13.2 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be issued a $1.81 dividend. 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 presently 76.61%.

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.