Air Products and Chemicals, Inc. $APD Shares Sold by Fayez Sarofim & Co

Fayez Sarofim & Co trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.4% during the third quarter, HoldingsChannel.com reports. The fund owned 205,588 shares of the basic materials company’s stock after selling 7,178 shares during the period. Fayez Sarofim & Co’s holdings in Air Products and Chemicals were worth $56,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. American Century Companies Inc. raised its holdings 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 valued at $16,258,000 after acquiring an additional 5,430 shares during the period. Platform Technology Partners boosted its stake in Air Products and Chemicals by 683.0% in the 3rd quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock worth $1,954,000 after purchasing an additional 6,249 shares during the period. Swiss National Bank grew its position in Air Products and Chemicals by 7.4% during the 2nd quarter. Swiss National Bank now owns 673,400 shares of the basic materials company’s stock worth $189,939,000 after purchasing an additional 46,200 shares in the last quarter. Rockland Trust Co. grew its position in Air Products and Chemicals by 5.5% during 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 raised its stake in Air Products and Chemicals by 16.4% during the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock valued at $215,356,000 after purchasing an additional 111,317 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s 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 sale, the director directly owned 93,499 shares of the company’s stock, valued at $26,573,350.79. This trade represents a 42.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APD. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $270.00 to $325.00 in a research report on Friday. Wolfe Research reissued an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, December 8th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Sanford C. Bernstein restated an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Finally, Citigroup lifted their target price on Air Products and Chemicals from $272.00 to $285.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $299.12.

Air Products and Chemicals Trading Down 0.9%

Shares of NYSE:APD opened at $287.79 on Monday. The firm has a fifty day moving average of $273.37 and a two-hundred day moving average of $265.81. The company has a quick ratio of 1.23, a current ratio of 1.46 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 firm has a market capitalization of $64.08 billion, a P/E ratio of -190.59, a price-to-earnings-growth ratio of 2.82 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results 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 business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the business posted $2.86 earnings per share. Air Products and Chemicals’s revenue for the quarter 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. On average, equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

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

Air Products and Chemicals Company 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.