Northwestern Mutual Wealth Management Co. Has $4.45 Million Position in Air Products and Chemicals, Inc. $APD

Northwestern Mutual Wealth Management Co. cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 24.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,002 shares of the basic materials company’s stock after selling 5,767 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Air Products and Chemicals were worth $4,447,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Dakota Community Bank & Trust NA raised its position in shares of Air Products and Chemicals by 5.3% in the 4th quarter. Dakota Community Bank & Trust NA now owns 756 shares of the basic materials company’s stock worth $187,000 after acquiring an additional 38 shares in the last quarter. Journey Strategic Wealth LLC raised its position in shares of Air Products and Chemicals by 3.7% in the 3rd quarter. Journey Strategic Wealth LLC now owns 1,085 shares of the basic materials company’s stock worth $296,000 after acquiring an additional 39 shares in the last quarter. Essex Financial Services Inc. raised its position in shares of Air Products and Chemicals by 1.0% in the 3rd quarter. Essex Financial Services Inc. now owns 4,239 shares of the basic materials company’s stock worth $1,156,000 after acquiring an additional 40 shares in the last quarter. Hunter Associates Investment Management LLC raised its position in shares of Air Products and Chemicals by 2.9% in the 4th quarter. Hunter Associates Investment Management LLC now owns 1,423 shares of the basic materials company’s stock worth $353,000 after acquiring an additional 40 shares in the last quarter. Finally, Patton Fund Management Inc. raised its position in shares of Air Products and Chemicals by 4.9% in the 4th quarter. Patton Fund Management Inc. now owns 863 shares of the basic materials company’s stock worth $213,000 after acquiring an additional 40 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $289.13 on Monday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $307.96. The firm has a market capitalization of $64.38 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.54 and a beta of 0.77. The business has a 50-day simple moving average of $294.38 and a 200 day simple moving average of $273.56. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $0.14. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the company posted $2.69 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. 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, research analysts anticipate 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 company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s payout ratio is presently 76.61%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APD. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, May 4th. Berenberg Bank set a $350.00 price objective on Air Products and Chemicals and gave the stock a “buy” rating in a research report on Monday, April 20th. Jefferies Financial Group lifted their price objective on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. BMO Capital Markets raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research report on Friday, May 1st. Finally, Weiss Ratings raised Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One investment 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.12.

Insider Buying and Selling

In related 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 value of $824,404.64. Following the completion of the sale, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at $4,317,037.12. The trade was a 16.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.88% of the stock is owned by insiders.

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.