Wealthfront Advisers LLC Has $5.54 Million Stock Position in Air Products and Chemicals, Inc. $APD

Wealthfront Advisers LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 18.4% in the 1st quarter, HoldingsChannel reports. The fund owned 19,074 shares of the basic materials company’s stock after purchasing an additional 2,968 shares during the period. Wealthfront Advisers LLC’s holdings in Air Products and Chemicals were worth $5,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in APD. Holos Integrated Wealth LLC acquired a new position in Air Products and Chemicals during the 4th quarter valued at about $25,000. Richardson Financial Services Inc. raised its stake in shares of Air Products and Chemicals by 3,233.3% in the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 97 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of Air Products and Chemicals in the fourth quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $25,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $295.31 on Friday. The business’s fifty day simple moving average is $289.80 and its 200 day simple moving average is $283.76. The firm has a market capitalization of $65.76 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $314.87. 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 (NYSE:APD) last posted its quarterly earnings data 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 return on equity of 16.11% and a net margin of 16.91%.The business 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 firm earned $2.69 earnings per share. The business’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. As a group, analysts anticipate that Air Products and Chemicals, Inc. will post 13.22 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a dividend of $1.81 per share. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

Insider Transactions at Air Products and Chemicals

In related 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 completion of the sale, the chief financial officer owned 14,212 shares in the company, valued at approximately $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APD. UBS Group upped their price target on Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. BMO Capital Markets upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a research note on Friday, May 1st. Berenberg Bank set a $350.00 target price on shares of Air Products and Chemicals and gave the stock a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their target price 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. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $358.00 price target on shares of Air Products and Chemicals in a research report on Friday. 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $326.88.

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.