Swiss Life Asset Management Ltd boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 6.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,917 shares of the basic materials company’s stock after acquiring an additional 1,634 shares during the period. Swiss Life Asset Management Ltd’s holdings in Air Products and Chemicals were worth $6,402,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dakota Community Bank & Trust NA grew its position in shares of Air Products and Chemicals by 5.3% during the 4th quarter. Dakota Community Bank & Trust NA now owns 756 shares of the basic materials company’s stock valued at $187,000 after acquiring an additional 38 shares during the period. Journey Strategic Wealth LLC boosted its position in Air Products and Chemicals by 3.7% during the third quarter. Journey Strategic Wealth LLC now owns 1,085 shares of the basic materials company’s stock worth $296,000 after purchasing an additional 39 shares in the last quarter. Essex Financial Services Inc. boosted its position in Air Products and Chemicals by 1.0% during the third quarter. Essex Financial Services Inc. now owns 4,239 shares of the basic materials company’s stock worth $1,156,000 after purchasing an additional 40 shares in the last quarter. Hunter Associates Investment Management LLC grew its holdings in Air Products and Chemicals by 2.9% in the fourth quarter. Hunter Associates Investment Management LLC now owns 1,423 shares of the basic materials company’s stock valued at $353,000 after purchasing an additional 40 shares during the period. Finally, Patton Fund Management Inc. increased its position in shares of Air Products and Chemicals by 4.9% in the fourth quarter. Patton Fund Management Inc. now owns 863 shares of the basic materials company’s stock valued at $213,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Insider Transactions at Air Products and Chemicals
In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the 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 completion of the sale, the chief financial officer owned 14,212 shares in the company, valued at approximately $4,317,037.12. This represents a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.88% of the company’s stock.
Air Products and Chemicals Stock Up 0.9%
Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) 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 analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the company posted $2.69 EPS. The firm’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. Research analysts anticipate that Air Products and Chemicals, Inc. will post 13.2 EPS for the current fiscal 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 paid a dividend of $1.81 per share. 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 is currently 76.61%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on APD shares. Weiss Ratings upgraded Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Mizuho set a $345.00 price objective on shares of Air Products and Chemicals in a report on Friday, May 1st. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, May 4th. Finally, Morgan Stanley upped their price target on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.12.
Get Our Latest Stock Analysis on Air Products and Chemicals
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.
Featured Articles
- Five stocks we like better than Air Products and Chemicals
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
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.
