Northcape Wealth Management LLC Sells 1,753 Shares of Air Products and Chemicals, Inc. $APD

Northcape Wealth Management LLC decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 20.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,620 shares of the basic materials company’s stock after selling 1,753 shares during the period. Northcape Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,635,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of APD. Vanguard Group Inc. increased its position in Air Products and Chemicals by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 22,000,734 shares of the basic materials company’s stock valued at $6,000,040,000 after acquiring an additional 260,904 shares during the period. Capital Research Global Investors increased its position in Air Products and Chemicals by 2.4% in the 3rd quarter. Capital Research Global Investors now owns 11,766,942 shares of the basic materials company’s stock valued at $3,209,068,000 after acquiring an additional 272,197 shares during the period. State Street Corp increased its position in Air Products and Chemicals by 1.1% in the 3rd quarter. State Street Corp now owns 9,559,492 shares of the basic materials company’s stock valued at $2,607,065,000 after acquiring an additional 106,578 shares during the period. Dodge & Cox increased its position in Air Products and Chemicals by 2.1% in the 3rd quarter. Dodge & Cox now owns 9,004,892 shares of the basic materials company’s stock valued at $2,455,814,000 after acquiring an additional 183,492 shares during the period. Finally, Capital International Investors increased its position in Air Products and Chemicals by 7.4% in the 3rd quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock valued at $2,419,029,000 after acquiring an additional 609,489 shares during the period. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $284.21, for a total value of $19,944,436.75. Following the sale, the director directly owned 93,499 shares of the company’s stock, valued at $26,573,350.79. This represents a 42.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.88% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APD. Deutsche Bank Aktiengesellschaft set a $255.00 price target on shares of Air Products and Chemicals in a research report on Wednesday, December 10th. Jefferies Financial Group increased their price objective on shares of Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Bank of America upgraded shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 price objective for the company in a research report on Thursday, January 8th. Sanford C. Bernstein reiterated an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Finally, Argus decreased their price objective on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.88.

Air Products and Chemicals Stock Up 1.3%

NYSE:APD opened at $296.18 on Thursday. The firm’s 50-day moving average price is $283.01 and its 200-day moving average price is $265.77. The company has a market capitalization of $65.95 billion, a PE ratio of -196.14, a P/E/G ratio of 2.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $301.11.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.86 EPS. 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. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be given a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s payout ratio is currently -479.47%.

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.