Air Products and Chemicals, Inc. $APD Shares Sold by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 52.2% during the 4th quarter, Holdings Channel reports. The firm owned 17,320 shares of the basic materials company’s stock after selling 18,889 shares during the period. Abner Herrman & Brock LLC’s holdings in Air Products and Chemicals were worth $4,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Air Products and Chemicals by 1.2% during the third quarter. Vanguard Group Inc. now owns 22,000,734 shares of the basic materials company’s stock valued at $6,000,040,000 after buying an additional 260,904 shares in the last quarter. Capital Research Global Investors raised its position in Air Products and Chemicals by 2.4% in the third quarter. Capital Research Global Investors now owns 11,766,942 shares of the basic materials company’s stock worth $3,209,068,000 after acquiring an additional 272,197 shares in the last quarter. State Street Corp raised its position in Air Products and Chemicals by 1.1% in the third quarter. State Street Corp now owns 9,559,492 shares of the basic materials company’s stock worth $2,607,065,000 after acquiring an additional 106,578 shares in the last quarter. Dodge & Cox lifted its holdings in Air Products and Chemicals by 2.1% in the 3rd quarter. Dodge & Cox now owns 9,004,892 shares of the basic materials company’s stock valued at $2,455,814,000 after acquiring an additional 183,492 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Air Products and Chemicals by 7.4% during the 3rd quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock valued at $2,419,029,000 after purchasing an additional 609,489 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the topic of a number of research reports. BMO Capital Markets reiterated a “market perform” rating and issued a $282.00 target price on shares of Air Products and Chemicals in a report on Monday, February 2nd. UBS Group raised their target price on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Bank of America upgraded shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 price target on the stock in a research report on Thursday, January 8th. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Deutsche Bank Aktiengesellschaft set a $255.00 price objective on Air Products and Chemicals in a research note on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $299.12.

Air Products and Chemicals Stock Performance

Shares of APD opened at $284.72 on Friday. The company has a 50-day moving average of $275.50 and a two-hundred day moving average of $265.96. The stock has a market cap of $63.40 billion, a price-to-earnings ratio of -188.56, a PEG ratio of 2.76 and a beta of 0.88. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $301.11.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.86 earnings per share. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. On average, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $1.81 per share. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -474.17%.

Insider Activity

In other news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $284.21, for a total value of $19,944,436.75. Following the completion of the sale, the director owned 93,499 shares of the company’s stock, valued at $26,573,350.79. This trade represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.88% of the stock is owned by insiders.

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.