Franklin Resources Inc. trimmed its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,614,167 shares of the basic materials company’s stock after selling 1,002,138 shares during the quarter. Franklin Resources Inc.’s holdings in Air Products and Chemicals were worth $892,771,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in APD. Rockland Trust Co. lifted its holdings in Air Products and Chemicals by 8.2% in the 4th quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock valued at $14,058,000 after purchasing an additional 4,319 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Air Products and Chemicals by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after acquiring an additional 23,760 shares during the last quarter. Barclays PLC increased its stake in shares of Air Products and Chemicals by 16.4% in the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock worth $215,356,000 after acquiring an additional 111,317 shares during the last quarter. Mather Group LLC. increased its stake in shares of Air Products and Chemicals by 11.5% in the 4th quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock worth $14,197,000 after acquiring an additional 5,909 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Air Products and Chemicals by 0.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock worth $627,065,000 after acquiring an additional 21,479 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the completion of the sale, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.88% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Research Report on APD
Air Products and Chemicals Stock Up 0.1%
Shares of NYSE:APD opened at $282.74 on Monday. The business has a 50-day moving average price of $293.91 and a 200 day moving average price of $275.53. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $62.96 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 2.48 and a beta of 0.74. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $307.96.
Air Products and Chemicals (NYSE:APD – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.14. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $2.69 EPS. 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. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 13.2 EPS for the current year.
Air Products and Chemicals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.19%.
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.
Read More
- Five stocks we like better than Air Products and Chemicals
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD – Free Report).
Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.
