Air Products and Chemicals, Inc. $APD Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,003 shares of the basic materials company’s stock after buying an additional 14,056 shares during the period. Assetmark Inc.’s holdings in Air Products and Chemicals were worth $43,574,000 at the end of the most recent reporting period.

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

Insider Transactions at Air Products and Chemicals

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

Wall Street Analysts Forecast Growth

APD has been the subject of several analyst reports. BMO Capital Markets raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target for the company in a report on Friday, May 1st. Mizuho set a $345.00 price objective on shares of Air Products and Chemicals in a report on Friday, May 1st. Morgan Stanley lifted their price objective on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. UBS Group upped their target price on shares of Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $358.00 price target on shares of Air Products and Chemicals in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $326.88.

Air Products and Chemicals Trading Down 0.7%

Shares of Air Products and Chemicals stock opened at $295.31 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. The firm has a market cap of $65.76 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.70 and a beta of 0.73. The business has a fifty day simple moving average of $289.80 and a 200-day simple moving average of $283.76. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.14. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm posted $2.69 EPS. The business’s revenue for the quarter 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, equities analysts forecast that Air Products and Chemicals, Inc. will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s payout ratio is presently 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.