NewEdge Wealth LLC Increases Stock Position in Air Products and Chemicals, Inc. $APD

NewEdge Wealth LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 15.1% during the first quarter, Holdings Channel reports. The firm owned 36,097 shares of the basic materials company’s stock after acquiring an additional 4,723 shares during the period. NewEdge Wealth LLC’s holdings in Air Products and Chemicals were worth $10,486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APD. Norges Bank purchased a new stake in Air Products and Chemicals in the 4th quarter valued at about $1,063,906,000. Capital International Investors boosted its stake 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 buying an additional 3,922,567 shares during the last quarter. Viking Global Investors LP purchased a new position in shares of Air Products and Chemicals in the 2nd quarter worth approximately $607,601,000. Clearbridge Investments LLC grew its holdings in shares of Air Products and Chemicals by 70.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,694,659 shares of the basic materials company’s stock valued at $665,609,000 after acquiring an additional 1,111,378 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Air Products and Chemicals by 644.6% in 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 acquiring an additional 892,793 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the sale, the chief financial officer owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. This represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.88% of the company’s stock.

Analysts Set New Price Targets

APD has been the topic of a number of recent analyst reports. Berenberg Bank set a $350.00 price target on Air Products and Chemicals and gave the stock a “buy” rating in a report on Monday, April 20th. Sanford C. Bernstein raised their target price on Air Products and Chemicals from $344.00 to $345.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Mizuho set a $345.00 target price on Air Products and Chemicals in a research note on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased 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 research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $326.88.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $294.41 on Friday. The firm’s 50 day moving average is $289.19 and its 200 day moving average is $285.36. The stock has a market capitalization of $65.56 billion, a P/E ratio of 31.15, a PEG ratio of 2.70 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 released its quarterly earnings data 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. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. Air Products and Chemicals’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.22 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.5%. Air Products and Chemicals’s 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.