Axxcess Wealth Management LLC Purchases 2,146 Shares of Air Products and Chemicals, Inc. $APD

Axxcess Wealth Management LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 84.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,679 shares of the basic materials company’s stock after purchasing an additional 2,146 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,359,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its holdings in Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after buying an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at about $245,000. Sei Investments Co. increased its position in shares of Air Products and Chemicals by 197.6% during the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock worth $79,498,000 after acquiring an additional 187,142 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Air Products and Chemicals by 2.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock worth $29,271,000 after acquiring an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of Air Products and Chemicals by 52.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock worth $1,873,000 after acquiring an additional 2,229 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley lifted their price target on Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $315.00 target price on shares of Air Products and Chemicals in a research report on Monday, May 4th. Bank of America upped their price target on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Finally, Citigroup increased their price target on Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $324.82.

Air Products and Chemicals Trading Down 2.6%

NYSE:APD opened at $297.01 on Thursday. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The firm has a 50-day moving average price of $290.16 and a two-hundred day moving average price of $281.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43. The firm has a market cap of $66.14 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 2.77 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.11% and a net margin of 16.91%.The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter 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, equities analysts expect that Air Products and Chemicals, Inc. will post 13.22 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be given a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals’s payout ratio is currently 76.61%.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the company’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 represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.88% of the stock is owned by company insiders.

Air Products and Chemicals 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.