Rockland Trust Co. raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,909 shares of the basic materials company’s stock after buying an additional 4,319 shares during the quarter. Rockland Trust Co.’s holdings in Air Products and Chemicals were worth $14,058,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Holos Integrated Wealth LLC acquired a new stake in shares of Air Products and Chemicals during the 4th quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the second quarter worth $28,000. Abound Wealth Management increased its stake in Air Products and Chemicals by 292.3% during the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 76 shares during the last quarter. Caitlin John LLC bought a new stake in Air Products and Chemicals during the third quarter valued at $30,000. Finally, Financial Life Planners acquired a new stake in shares of Air Products and Chemicals during the third quarter worth $30,000. Institutional investors own 81.66% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $282.00 price target on shares of Air Products and Chemicals in a report on Monday, February 2nd. Wolfe Research reiterated an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research note on Monday, December 8th. Argus cut their target price on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Citigroup lifted their target price on Air Products and Chemicals from $272.00 to $285.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target of $300.88.
Air Products and Chemicals Stock Down 0.4%
APD stock opened at $290.30 on Wednesday. The firm has a market cap of $64.64 billion, a PE ratio of -192.25, a P/E/G ratio of 2.86 and a beta of 0.88. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $301.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. The firm has a 50 day simple moving average of $279.13 and a 200 day simple moving average of $265.45.
Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.Air Products and Chemicals’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.86 earnings per share. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.
Air Products and Chemicals Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s payout ratio is presently -474.17%.
Insider Buying and Selling
In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of Air Products and Chemicals stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the transaction, the director owned 93,499 shares of the company’s stock, valued at $26,573,350.79. The trade was a 42.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.88% of the company’s stock.
About Air Products and Chemicals
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.
Read More
Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD – Free Report).
Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.
