Cambient Family Office LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) during the 4th quarter, HoldingsChannel reports. The fund purchased 19,669 shares of the basic materials company’s stock, valued at approximately $4,859,000.
A number of other large investors have also recently bought and sold shares of the stock. Rockland Trust Co. raised its position in Air Products and Chemicals by 8.2% in the 4th quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock worth $14,058,000 after purchasing an additional 4,319 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Air Products and Chemicals by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock valued at $121,909,000 after buying an additional 23,760 shares during the last quarter. Barclays PLC boosted its position in Air Products and Chemicals by 16.4% in the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock valued at $215,356,000 after buying an additional 111,317 shares during the last quarter. Mather Group LLC. increased its stake in shares of Air Products and Chemicals by 11.5% in the 4th quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock valued at $14,197,000 after buying an additional 5,909 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Air Products and Chemicals by 0.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock worth $627,065,000 after acquiring an additional 21,479 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s 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 completion of the transaction, the chief financial officer directly owned 14,212 shares in the company, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.88% of the company’s stock.
Air Products and Chemicals Stock Performance
Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.14. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.23 EPS for the current 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 issued a dividend of $1.81 per share. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is 76.61%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Citigroup boosted their price objective on Air Products and Chemicals from $285.00 to $315.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Bank of America upped their target price on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada lifted their price target on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. 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 a consensus rating of “Moderate Buy” and a consensus target price of $323.12.
Get Our Latest Analysis on APD
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.
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