HB Wealth Management LLC Sells 2,797 Shares of Air Products and Chemicals, Inc. $APD

HB Wealth Management LLC trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,994 shares of the basic materials company’s stock after selling 2,797 shares during the period. HB Wealth Management LLC’s holdings in Air Products and Chemicals were worth $8,150,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of 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 worth $6,000,040,000 after purchasing an additional 260,904 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of 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 worth $3,209,068,000 after purchasing an additional 272,197 shares in the last quarter. State Street Corp lifted its holdings in shares of 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 worth $2,607,065,000 after purchasing an additional 106,578 shares in the last quarter. Dodge & Cox lifted its holdings in shares of 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 worth $2,455,814,000 after purchasing an additional 183,492 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of 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 worth $2,419,029,000 after purchasing an additional 609,489 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $280.00 to $310.00 in a report on Friday, March 20th. UBS Group increased their target price on Air Products and Chemicals from $285.00 to $307.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $270.00 to $325.00 in a report on Friday, March 13th. Jefferies Financial Group increased their target price on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $308.06.

Insider Buying and Selling

In related news, 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 value of $19,944,436.75. Following the completion of the sale, the director directly owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.88% of the company’s stock.

Air Products and Chemicals Trading Up 2.3%

NYSE APD opened at $303.67 on Friday. The firm has a market capitalization of $67.61 billion, a P/E ratio of -201.11, a PEG ratio of 2.79 and a beta of 0.80. The business has a fifty day simple moving average of $286.50 and a 200 day simple moving average of $267.71. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $304.00. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.Air Products and Chemicals’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, analysts predict that Air Products and Chemicals, Inc. will post 13.03 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio is presently -479.47%.

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.