Prestige Wealth Management Group LLC Has $1.02 Million Stake in Air Products and Chemicals, Inc. $APD

Prestige Wealth Management Group LLC raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 310.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,147 shares of the basic materials company’s stock after acquiring an additional 3,137 shares during the period. Prestige Wealth Management Group LLC’s holdings in Air Products and Chemicals were worth $1,024,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of 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 in the last quarter. Capital Research Global Investors increased its holdings in shares of Air Products and Chemicals by 2.4% in the third quarter. Capital Research Global Investors now owns 11,766,942 shares of the basic materials company’s stock valued at $3,209,068,000 after purchasing an additional 272,197 shares in the last quarter. State Street Corp increased its holdings in shares of Air Products and Chemicals by 1.1% in the third quarter. State Street Corp now owns 9,559,492 shares of the basic materials company’s stock valued at $2,607,065,000 after purchasing an additional 106,578 shares in the last quarter. Dodge & Cox increased its holdings in shares of Air Products and Chemicals by 2.1% in the third quarter. Dodge & Cox now owns 9,004,892 shares of the basic materials company’s stock valued at $2,455,814,000 after purchasing an additional 183,492 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of 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 purchasing an additional 609,489 shares in the last quarter. Institutional investors and hedge funds 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 firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on APD. JPMorgan Chase & Co. raised their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Royal Bank Of Canada raised their price target on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. BMO Capital Markets raised shares of 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 report on Friday, May 1st. UBS Group raised their price target on shares of Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.12.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $283.11 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $307.96. The stock has a market cap of $63.04 billion, a PE ratio of 29.96, a PEG ratio of 2.48 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43. The firm’s 50 day moving average price is $294.06 and its two-hundred day moving average price is $275.32.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $2.69 earnings per share. The business’s revenue for the quarter 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. As a group, analysts forecast that Air Products and Chemicals, Inc. will post 13.2 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, August 10th. Shareholders of record on Wednesday, July 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. 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.