Air Products and Chemicals, Inc. $APD Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 59.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,100 shares of the basic materials company’s stock after purchasing an additional 9,770 shares during the quarter. Diversify Wealth Management LLC’s holdings in Air Products and Chemicals were worth $7,895,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Holos Integrated Wealth LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $25,000. Richardson Financial Services Inc. increased its stake in Air Products and Chemicals by 3,233.3% in the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after buying an additional 97 shares during the period. Lloyd Advisory Services LLC. acquired a new position in Air Products and Chemicals in the 4th quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals during the 1st quarter worth $25,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter worth $25,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at Air Products and Chemicals

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals 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 completion of the transaction, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.88% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of several analyst reports. Bank of America increased their price target on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Sanford C. Bernstein reiterated an “outperform” rating and set a $344.00 target price on shares of Air Products and Chemicals in a research report on Wednesday, July 1st. JPMorgan Chase & Co. increased their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Evercore reissued an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a report on Friday. Finally, Citigroup lifted their price target 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 research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.82.

Read Our Latest Research Report on APD

Air Products and Chemicals Stock Up 0.0%

Shares of NYSE APD opened at $299.54 on Monday. The stock has a market capitalization of $66.70 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 2.72 and a beta of 0.73. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The firm has a 50-day moving average price of $289.94 and a 200 day moving average price of $282.19. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the business posted $2.69 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be paid a $1.81 dividend. This represents a $7.24 annualized dividend 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 (DPR) is presently 76.61%.

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.

See Also

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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