Azzad Asset Management Inc. ADV Has $6.25 Million Stake in Air Products and Chemicals, Inc. $APD

Azzad Asset Management Inc. ADV boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 22.2% in the first quarter, HoldingsChannel reports. The firm owned 21,506 shares of the basic materials company’s stock after acquiring an additional 3,908 shares during the period. Air Products and Chemicals makes up 0.6% of Azzad Asset Management Inc. ADV’s portfolio, making the stock its 26th biggest position. Azzad Asset Management Inc. ADV’s holdings in Air Products and Chemicals were worth $6,247,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Holos Integrated Wealth LLC bought a new position in Air Products and Chemicals during the fourth quarter worth about $25,000. Richardson Financial Services Inc. increased its stake in shares of Air Products and Chemicals by 3,233.3% in the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 97 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at approximately $25,000. Finally, Meeder Asset Management Inc. bought a new position in Air Products and Chemicals during the 4th quarter worth approximately $25,000. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the completion of the transaction, the chief financial officer owned 14,212 shares in the company, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on APD. Berenberg Bank set a $350.00 target price on Air Products and Chemicals and gave the company a “buy” rating in a research note on Monday, April 20th. Sanford C. Bernstein reiterated an “outperform” rating and set a $344.00 price objective on shares of Air Products and Chemicals in a report on Wednesday, July 1st. Bank of America boosted their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Mizuho set a $345.00 target price on Air Products and Chemicals in a research note on Friday, May 1st. Finally, Morgan Stanley raised their target price on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $324.82.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $295.43 on Friday. The stock has a 50 day simple moving average of $290.00 and a 200 day simple moving average of $281.81. The stock has a market cap of $65.79 billion, a P/E ratio of 31.26, a PEG ratio of 2.69 and a beta of 0.73. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. 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 analysts’ consensus estimates of $3.06 by $0.14. The business had revenue of $3.17 billion for 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%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $2.69 earnings per share. 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. Research analysts anticipate that Air Products and Chemicals, Inc. will post 13.22 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

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 issued a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 76.61%.

Air Products and Chemicals 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.