SEB Asset Management AB Purchases Shares of 52,465 Air Products and Chemicals, Inc. $APD

SEB Asset Management AB acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,465 shares of the basic materials company’s stock, valued at approximately $15,241,000.

A number of other institutional investors and hedge funds have also modified their holdings of APD. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Air Products and Chemicals by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after buying an additional 23,760 shares in the last quarter. Rockland Trust Co. lifted its stake in Air Products and Chemicals by 8.2% during the fourth quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock worth $14,058,000 after purchasing an additional 4,319 shares during the period. Mather Group LLC. boosted its holdings in Air Products and Chemicals by 11.5% during the fourth quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock valued at $14,197,000 after purchasing an additional 5,909 shares in the last quarter. Assetmark Inc. grew its stake in shares of Air Products and Chemicals by 4.9% in the 4th quarter. Assetmark Inc. now owns 135,947 shares of the basic materials company’s stock valued at $33,582,000 after purchasing an additional 6,342 shares during the period. Finally, Vantage Wealth raised its holdings in shares of Air Products and Chemicals by 17.7% in the 4th quarter. Vantage Wealth now owns 75,282 shares of the basic materials company’s stock worth $18,596,000 after buying an additional 11,303 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on APD shares. Mizuho set a $345.00 price target on Air Products and Chemicals in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Evercore reissued an “outperform” rating and set a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $358.00 target price on shares of Air Products and Chemicals in a research note on Friday. Finally, Bank of America upped their target price on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.88.

Insider Activity at Air Products and Chemicals

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the 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 sale, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at $4,317,037.12. This represents 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 through this link. 1.88% of the stock is owned by company insiders.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $296.72 on Tuesday. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The firm has a market cap of $66.07 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43. The business has a fifty day moving average of $289.64 and a 200-day moving average of $284.35.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company earned $2.69 EPS. The firm’s quarterly 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, equities research analysts predict that Air Products and Chemicals, Inc. will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

About Air Products and Chemicals

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.