Madison Asset Management LLC Grows Position in Air Products and Chemicals, Inc. $APD

Madison Asset Management LLC boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 43.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,611 shares of the basic materials company’s stock after acquiring an additional 12,384 shares during the period. Madison Asset Management LLC’s holdings in Air Products and Chemicals were worth $11,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. lifted its position in shares of Air Products and Chemicals by 3,233.3% in the 4th 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 period. Lloyd Advisory Services LLC. purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals during the first quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the fourth quarter worth approximately $25,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in Air Products and Chemicals during the fourth quarter worth $25,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE APD opened at $296.36 on Wednesday. The firm’s fifty day simple moving average is $289.49 and its two-hundred day simple moving average is $284.69. The firm has a market capitalization of $65.99 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.69 and a beta of 0.73. 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 $314.87.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.06 by $0.14. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.69 EPS. 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. Analysts forecast that Air Products and Chemicals, Inc. will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be given 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 payout ratio is currently 76.61%.

Wall Street Analyst Weigh In

Several analysts have issued reports on APD shares. Evercore reaffirmed 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. Royal Bank Of Canada restated an “outperform” rating and set a $358.00 price objective on shares of Air Products and Chemicals in a research note on Friday. UBS Group raised their price objective on Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Sanford C. Bernstein boosted their target price on shares of Air Products and Chemicals from $344.00 to $345.00 and gave the stock an “outperform” rating in a report on Friday. One equities 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. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $326.88.

Insider Activity

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $303.76, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 1.88% of the stock is currently owned by insiders.

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.