Lido Advisors LLC Sells 5,180 Shares of Air Products and Chemicals, Inc. $APD

Lido Advisors LLC cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 27.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,591 shares of the basic materials company’s stock after selling 5,180 shares during the quarter. Lido Advisors LLC’s holdings in Air Products and Chemicals were worth $3,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of APD. Richardson Financial Services Inc. increased its holdings in shares of 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 last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the fourth quarter worth $25,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in Air Products and Chemicals in the fourth quarter worth $25,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APD. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, May 4th. Morgan Stanley upped their price objective on Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Berenberg Bank set a $350.00 price objective on Air Products and Chemicals and gave the company a “buy” rating in a report on Monday, April 20th. Mizuho set a $345.00 target price on Air Products and Chemicals in a research report on Friday, May 1st. 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 research note on Monday, April 13th. One 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

Air Products and Chemicals Stock Up 1.5%

APD opened at $298.57 on Friday. The company has a market cap of $66.49 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.70 and a beta of 0.73. The business’s 50-day moving average price is $289.26 and its 200-day moving average price is $285.45. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87.

Air Products and Chemicals (NYSE:APD) last issued its earnings results 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 return on equity of 16.11% and a net margin of 16.91%.The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the business posted $2.69 EPS. Air Products and Chemicals’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, equities analysts expect that Air Products and Chemicals, Inc. will post 13.22 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 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 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio is 76.61%.

Insider Buying and Selling at Air Products and Chemicals

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the transaction, the chief financial officer owned 14,212 shares in the company, valued at approximately $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.88% of the company’s stock.

Air Products and Chemicals Company 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.