Lombard Odier Asset Management Switzerland SA lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 27.1% in the first quarter, Holdings Channel.com reports. The firm owned 16,964 shares of the basic materials company’s stock after buying an additional 3,620 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Air Products and Chemicals were worth $4,928,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Air Products and Chemicals by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 22,304,678 shares of the basic materials company’s stock worth $5,509,702,000 after buying an additional 303,944 shares during the period. Capital International Investors lifted its holdings in shares of 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 worth $3,160,023,000 after acquiring an additional 3,922,567 shares during the last quarter. Capital Research Global Investors boosted its stake 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 worth $2,940,665,000 after purchasing an additional 137,595 shares during the period. State Street Corp grew its holdings in Air Products and Chemicals by 3.7% during the 4th quarter. State Street Corp now owns 9,911,504 shares of the basic materials company’s stock valued at $2,448,340,000 after purchasing an additional 352,012 shares during the last quarter. Finally, Dodge & Cox raised its position in Air Products and Chemicals by 2.6% in the 4th quarter. Dodge & Cox now owns 9,236,610 shares of the basic materials company’s stock worth $2,281,627,000 after purchasing an additional 231,718 shares during the period. 81.66% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Bank of America boosted their target price on Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. BMO Capital Markets raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target for the company in a research note on Friday, May 1st. Citigroup upped their price objective on Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Evercore reiterated an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 10th. Finally, Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus target price of $326.88.
Insider Transactions at Air Products and Chemicals
In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.88% of the stock is currently owned by insiders.
Air Products and Chemicals Stock Up 0.2%
Shares of NYSE:APD opened at $298.57 on Monday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The stock has a market cap of $66.49 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 2.70 and a beta of 0.73. The business’s 50 day moving average is $289.26 and its 200 day moving average is $285.68. 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:APD – Get Free Report) last issued its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the company posted $2.69 EPS. Air Products and Chemicals’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. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 13.22 EPS for the current year.
Air Products and Chemicals Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s dividend payout ratio is 76.61%.
Air Products and Chemicals Company 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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