Gabelli Funds LLC Sells 4,965 Shares of Air Products and Chemicals, Inc. $APD

Posted by Brenda Bartman on May 23rd, 2026

Gabelli Funds LLC reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 33.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,885 shares of the basic materials company’s stock after selling 4,965 shares during the quarter. Gabelli Funds LLC’s holdings in Air Products and Chemicals were worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of APD. Viking Global Investors LP bought a new position in shares of Air Products and Chemicals during the second quarter valued at $607,601,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Air Products and Chemicals by 644.6% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock valued at $281,258,000 after purchasing an additional 892,793 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Air Products and Chemicals by 21.6% in the third quarter. Franklin Resources Inc. now owns 4,616,305 shares of the basic materials company’s stock valued at $1,258,678,000 after acquiring an additional 821,524 shares during the period. Capital International Investors lifted its holdings in Air Products and Chemicals by 7.4% in the third quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock valued at $2,419,029,000 after acquiring an additional 609,489 shares during the period. Finally, Invesco Ltd. lifted its holdings in Air Products and Chemicals by 31.2% in the third quarter. Invesco Ltd. now owns 1,880,652 shares of the basic materials company’s stock valued at $512,891,000 after acquiring an additional 447,724 shares during the period. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Jefferies Financial Group increased their target price on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a report on Monday, February 2nd. UBS Group increased their target price on Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Morgan Stanley increased their target price on 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. 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 report on Monday, April 13th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.12.

Read Our Latest Stock Report on APD

Air Products and Chemicals Stock Performance

NYSE:APD opened at $289.13 on Friday. 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 stock has a 50-day moving average price of $294.38 and a 200 day moving average price of $273.33. The stock has a market capitalization of $64.38 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.55 and a beta of 0.77.

Air Products and Chemicals (NYSE:APD – Get Free Report) last released 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 return on equity of 16.11% and a net margin of 16.91%.The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business posted $2.69 earnings per share. The firm’s 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. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.2 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be issued 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%.

Insiders Place Their Bets

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction that occurred 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 owned 14,212 shares in the company, valued at $4,317,037.12. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.88% of the stock is owned by corporate insiders.

Air Products and Chemicals Profile

(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.