Bank of New York Mellon Corp Increases Stock Position in Air Products and Chemicals, Inc. $APD

Bank of New York Mellon Corp grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,712,837 shares of the basic materials company’s stock after buying an additional 34,731 shares during the period. Bank of New York Mellon Corp’s holdings in Air Products and Chemicals were worth $497,562,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of APD. Cary Street Partners Financial LLC boosted its stake in Air Products and Chemicals by 2.2% during the fourth quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock worth $399,000 after acquiring an additional 35 shares in the last quarter. Revisor Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 0.8% during the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock valued at $1,320,000 after purchasing an additional 36 shares during the last quarter. StoneX Group Inc. boosted its position in shares of Air Products and Chemicals by 1.3% in the 4th quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock worth $688,000 after purchasing an additional 36 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in shares of Air Products and Chemicals by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock worth $159,000 after buying an additional 37 shares during the last quarter. Finally, Dakota Community Bank & Trust NA grew its stake 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 buying an additional 38 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Up 1.3%

Air Products and Chemicals stock opened at $297.56 on Friday. 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, Inc. has a one year low of $229.11 and a one year high of $314.87. The stock has a market capitalization of $66.26 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. The business’s fifty day moving average is $289.80 and its 200 day moving average is $283.67.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $2.69 EPS. Air Products and Chemicals’s revenue was up 8.8% on a year-over-year basis. 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 predict that Air Products and Chemicals, Inc. will post 13.22 EPS for the current 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 paid 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 2.4%. Air Products and Chemicals’s payout ratio is currently 76.61%.

Insider Buying and Selling at Air Products and Chemicals

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.88% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on APD shares. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings raised Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. UBS Group raised their price target on Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Bank of America lifted their price target on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada upped their price target on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $325.82.

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.