Harbour Wealth Management Group Inc. Takes Position in Air Products and Chemicals, Inc. $APD

Harbour Wealth Management Group Inc. purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,054 shares of the basic materials company’s stock, valued at approximately $507,000.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $1,063,906,000. Capital International Investors lifted its position in shares of Air Products and Chemicals by 44.2% during the 4th quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after buying an additional 3,922,567 shares in the last quarter. Viking Global Investors LP acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at $607,601,000. Clearbridge Investments LLC grew its stake in Air Products and Chemicals by 70.2% in the 4th quarter. Clearbridge Investments LLC now owns 2,694,659 shares of the basic materials company’s stock valued at $665,609,000 after acquiring an additional 1,111,378 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Air Products and Chemicals by 644.6% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock worth $281,258,000 after acquiring an additional 892,793 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity at Air Products and Chemicals

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the transaction, the chief financial officer owned 14,212 shares in the company, valued at approximately $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on APD shares. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. UBS Group raised their price target on shares of Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Royal Bank Of Canada lifted their price objective on Air Products and Chemicals from $338.00 to $341.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Morgan Stanley boosted their price objective on Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.12.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $280.05 on Friday. The company has a market cap of $62.36 billion, a P/E ratio of 29.63, a P/E/G ratio of 2.47 and a beta of 0.74. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $307.96. The company’s 50-day moving average price is $291.71 and its 200-day moving average price is $277.02. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. Air Products and Chemicals’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 EPS. 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, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 13.23 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be given a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio is 76.61%.

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.