DNB Asset Management AS Boosts Stake in Air Products and Chemicals, Inc. $APD

Posted by Francis Steltz on May 18th, 2026

DNB Asset Management AS grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 49,754 shares of the basic materials company’s stock after acquiring an additional 2,767 shares during the period. DNB Asset Management AS’s holdings in Air Products and Chemicals were worth $12,290,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have 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 during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. grew its holdings in shares of Air Products and Chemicals by 3,233.3% during the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 97 shares during the period. Caitlin John LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $30,000. Financial Life Planners purchased a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $30,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Air Products and Chemicals in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Bank of America upped their price target on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. BMO Capital Markets upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target on the stock in a research note on Friday, May 1st. Weiss Ratings upgraded Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, May 4th. Finally, Citigroup increased their target price on Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a research note 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $323.12.

Read Our Latest Stock Report on Air Products and Chemicals

Air Products and Chemicals Stock Performance

Shares of APD opened at $295.14 on Monday. The business’s fifty day simple moving average is $292.82 and its two-hundred day simple moving average is $271.99. 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 $307.96. The company has a market cap of $65.72 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 2.59 and a beta of 0.77.

Air Products and Chemicals (NYSE:APD – Get Free Report) last issued its earnings results on Thursday, April 30th. The basic materials company reported $3.20 EPS 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 business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the business posted $2.69 EPS. The company’s 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. Research analysts anticipate 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 firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 76.61%.

Insider Buying and Selling at Air Products and Chemicals

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the 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 $4,317,037.12. This represents a 16.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.88% of the stock is owned by insiders.

About Air Products and Chemicals

(Free Report)

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.