Clearbridge Investments LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 70.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,694,659 shares of the basic materials company’s stock after purchasing an additional 1,111,378 shares during the period. Clearbridge Investments LLC’s holdings in Air Products and Chemicals were worth $665,609,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Research Global Investors raised its position in shares of Air Products and Chemicals by 1.2% during the 4th quarter. Capital Research Global Investors now owns 11,904,537 shares of the basic materials company’s stock valued at $2,940,665,000 after purchasing an additional 137,595 shares during the period. Capital International Sarl increased its holdings in Air Products and Chemicals by 17.3% in the 4th quarter. Capital International Sarl now owns 10,086 shares of the basic materials company’s stock valued at $2,491,000 after acquiring an additional 1,487 shares during the last quarter. Capital International Inc. CA increased its holdings in Air Products and Chemicals by 44.8% in the 4th quarter. Capital International Inc. CA now owns 185,237 shares of the basic materials company’s stock valued at $45,757,000 after acquiring an additional 57,343 shares during the last quarter. Capital International Investors increased its holdings in Air Products and Chemicals by 44.2% in the 4th quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after acquiring an additional 3,922,567 shares during the last quarter. Finally, Valtrion Capital Management LLC increased its holdings in Air Products and Chemicals by 8.7% in the 4th quarter. Valtrion Capital Management LLC now owns 899 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 72 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Air Products and Chemicals
In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the sale, the chief financial officer directly owned 14,212 shares in the company, valued at $4,317,037.12. The trade was a 16.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.88% of the stock is currently owned by company insiders.
Air Products and Chemicals Stock Performance
Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.07 billion. During the same period in the previous year, the firm 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. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.2 EPS 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. Stockholders of record on Wednesday, July 1st will be issued a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. Air Products and Chemicals’s payout ratio is 76.61%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on APD. Bank of America lifted their price target on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Morgan Stanley lifted their price target on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a 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. JPMorgan Chase & Co. lifted 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, Royal Bank Of Canada lifted their price target on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.12.
Read Our Latest Analysis on APD
Air Products and Chemicals 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.
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