Air Products and Chemicals, Inc. $APD Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,334 shares of the basic materials company’s stock after selling 2,017 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Air Products and Chemicals were worth $7,493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Holos Integrated Wealth LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter worth $25,000. Richardson Financial Services Inc. boosted its position 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 buying an additional 97 shares during the period. Lloyd Advisory Services LLC. acquired a new stake in shares of Air Products and Chemicals in the fourth quarter worth $25,000. Caitlin John LLC acquired a new stake in shares of Air Products and Chemicals in the third quarter worth $30,000. Finally, Financial Life Planners acquired a new stake in shares of Air Products and Chemicals in the third quarter worth $30,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 2.1%

Air Products and Chemicals stock opened at $276.39 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21. The company has a market capitalization of $61.55 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.48 and a beta of 0.74. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $307.96. The company’s fifty day moving average price is $293.58 and its two-hundred day moving average price is $275.70.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.06 by $0.14. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.69 earnings per share. 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, analysts forecast that Air Products and Chemicals, Inc. will post 13.2 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm 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 2.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. UBS Group boosted their price objective on shares of 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. boosted their price objective 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. Morgan Stanley increased their price objective on Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Finally, Wells Fargo & Company increased their price objective on Air Products and Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One research 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. Based on data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $323.12.

Insider Buying and Selling

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the transaction, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at $4,317,037.12. This represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.88% of the stock is 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.