Air Products and Chemicals, Inc. $APD Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 34.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,415 shares of the basic materials company’s stock after selling 1,812 shares during the period. 44 Wealth Management LLC’s holdings in Air Products and Chemicals were worth $844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rockland Trust Co. increased its position in Air Products and Chemicals by 8.2% during the 4th 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. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Air Products and Chemicals by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after purchasing an additional 23,760 shares during the period. Barclays PLC boosted its stake in shares of Air Products and Chemicals by 16.4% during the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock worth $215,356,000 after acquiring an additional 111,317 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Air Products and Chemicals by 11.5% during the 4th quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock worth $14,197,000 after acquiring an additional 5,909 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Air Products and Chemicals by 0.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock worth $627,065,000 after acquiring an additional 21,479 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at Air Products and Chemicals

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $303.76, for a total value of $824,404.64. Following the sale, the chief financial officer owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. This represents a 16.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.88% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $289.13 on Monday. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $307.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21. The business’s 50 day simple moving average is $294.38 and its 200-day simple moving average is $273.56. The firm has a market capitalization of $64.38 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77.

Air Products and Chemicals (NYSE:APD) last posted its earnings results 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. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the company 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. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 13.2 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on APD. Jefferies Financial Group boosted their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Sanford C. Bernstein reissued an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Wells Fargo & Company boosted their price target on Air Products and Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley boosted their price target on Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.12.

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.