First National Bank of Omaha acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,567 shares of the basic materials company’s stock, valued at approximately $973,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals during the second quarter valued at $28,000. Traub Capital Management LLC purchased a new position in Air Products and Chemicals in the 2nd quarter worth about $28,000. Abound Wealth Management lifted its stake in Air Products and Chemicals by 292.3% during the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 76 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 73 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of Air Products and Chemicals by 169.6% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 78 shares during the period. Institutional investors own 81.66% of the company’s stock.
Air Products and Chemicals Stock Performance
NYSE:APD opened at $281.96 on Thursday. The stock has a 50-day simple moving average of $262.16 and a two-hundred day simple moving average of $267.51. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $321.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46. The firm has a market capitalization of $62.78 billion, a PE ratio of -186.73, a P/E/G ratio of 2.72 and a beta of 0.87.
Air Products and Chemicals Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio is currently -474.17%.
Insider Activity at Air Products and Chemicals
In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $284.21, for a total value of $19,944,436.75. Following the completion of the sale, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.88% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Air Products and Chemicals from $250.00 to $270.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Evercore cut their price objective on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Sanford C. Bernstein reissued an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, February 2nd. Finally, Bank of America raised Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 target price on the stock in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $295.88.
Read Our Latest Stock Analysis on Air Products and Chemicals
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.
See Also
- Five stocks we like better than Air Products and Chemicals
- Your Bank Account Is No Longer Safe
- Buy this Gold Stock Before May 2026
- What a Former CIA Agent Knows About the Coming Collapse
- This $15 Stock Could Go Down as the #1 Stock of 2026
- New gold price target
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.
