Prestige Wealth Management Group LLC Lowers Stock Holdings in Air Products and Chemicals, Inc. $APD

Prestige Wealth Management Group LLC cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 77.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 954 shares of the basic materials company’s stock after selling 3,193 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Air Products and Chemicals were worth $277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AR Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals in the first quarter valued at approximately $571,000. Signature Equity Partners LLC increased its holdings in Air Products and Chemicals by 348.6% during the 1st quarter. Signature Equity Partners LLC now owns 323 shares of the basic materials company’s stock worth $94,000 after purchasing an additional 251 shares during the period. NewEdge Wealth LLC increased its holdings in Air Products and Chemicals by 15.1% during the 1st quarter. NewEdge Wealth LLC now owns 36,097 shares of the basic materials company’s stock worth $10,486,000 after purchasing an additional 4,723 shares during the period. CI Investments Inc. bought a new stake in Air Products and Chemicals during the 1st quarter valued at $226,000. Finally, Saturna Capital Corp raised its position in Air Products and Chemicals by 5.3% during the 1st quarter. Saturna Capital Corp now owns 122,166 shares of the basic materials company’s stock valued at $35,488,000 after purchasing an additional 6,175 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APD. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, May 4th. Berenberg Bank set a $350.00 price objective on shares of Air Products and Chemicals and gave the stock a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their target price on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. UBS Group raised their target price 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. Finally, Citigroup boosted their price target on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

Air Products and Chemicals Trading Up 0.3%

Shares of NYSE APD opened at $297.14 on Thursday. 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 stock has a market capitalization of $66.17 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The business has a fifty day moving average price of $289.31 and a 200 day moving average price of $285.05.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.14. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates 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 quarter 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 expect that Air Products and Chemicals, Inc. will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed 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 of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals’s payout ratio is presently 76.61%.

Insider Activity at Air Products and Chemicals

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 14,212 shares in the company, valued at $4,317,037.12. The trade was a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.88% of the stock is currently 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.