Air Products and Chemicals, Inc. $APD Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,979 shares of the basic materials company’s stock after selling 3,971 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Air Products and Chemicals worth $31,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APD. American Century Companies Inc. grew its stake in shares of Air Products and Chemicals by 10.4% during the second quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock worth $16,258,000 after acquiring an additional 5,430 shares during the last quarter. Platform Technology Partners increased its holdings in shares of Air Products and Chemicals by 683.0% during the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock valued at $1,954,000 after acquiring an additional 6,249 shares in the last quarter. Swiss National Bank raised its position in shares of Air Products and Chemicals by 7.4% in the 2nd quarter. Swiss National Bank now owns 673,400 shares of the basic materials company’s stock valued at $189,939,000 after purchasing an additional 46,200 shares during the last quarter. Rockland Trust Co. boosted its stake in Air Products and Chemicals by 5.5% in the 3rd quarter. Rockland Trust Co. now owns 52,590 shares of the basic materials company’s stock worth $14,342,000 after purchasing an additional 2,741 shares in the last quarter. Finally, Barclays PLC boosted its stake 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 worth $215,356,000 after purchasing an additional 111,317 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Jefferies Financial Group lifted their price objective on shares of Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. BMO Capital Markets reissued a “market perform” rating and issued a $282.00 target price on shares of Air Products and Chemicals in a research report on Monday, February 2nd. UBS Group raised their target price on Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Air Products and Chemicals from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $299.12.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of Air Products and Chemicals stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the completion of the transaction, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. This trade represents a 42.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.88% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $287.79 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $301.11. The company has a 50 day simple moving average of $273.37 and a two-hundred day simple moving average of $265.81. The stock has a market cap of $64.08 billion, a price-to-earnings ratio of -190.59, a PEG ratio of 2.82 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business earned $2.86 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s payout ratio is -474.17%.

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.