Bank of New York Mellon Corp Sells 255,714 Shares of Air Products and Chemicals, Inc. $APD

Bank of New York Mellon Corp lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,678,106 shares of the basic materials company’s stock after selling 255,714 shares during the quarter. Bank of New York Mellon Corp’s holdings in Air Products and Chemicals were worth $414,526,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kesler Norman & Wride LLC increased its holdings in Air Products and Chemicals by 2.6% during the fourth quarter. Kesler Norman & Wride LLC now owns 20,071 shares of the basic materials company’s stock worth $4,958,000 after buying an additional 516 shares during the last quarter. Winthrop Capital Management LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth $80,000. Beto Financial Group LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth $221,000. Arcadia Investment Management Corp MI increased its holdings in Air Products and Chemicals by 0.6% during the fourth quarter. Arcadia Investment Management Corp MI now owns 21,023 shares of the basic materials company’s stock worth $5,193,000 after buying an additional 135 shares during the last quarter. Finally, SCS Capital Management LLC increased its holdings in Air Products and Chemicals by 3.8% during the fourth quarter. SCS Capital Management LLC now owns 2,312 shares of the basic materials company’s stock worth $571,000 after buying an additional 85 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE:APD opened at $283.11 on Friday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $307.96. The company has a market cap of $63.04 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.48 and a beta of 0.74. The firm’s fifty day moving average price is $294.06 and its two-hundred day moving average price is $275.32. 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 (NYSE:APD) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS 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 firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the company earned $2.69 earnings per share. The company’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. Equities analysts expect that Air Products and Chemicals, Inc. will post 13.2 earnings per share for the current 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 paid a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio is 76.19%.

Insider Activity at Air Products and Chemicals

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the company’s stock in a transaction dated 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 in the company, 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 is accessible through this link. Company insiders own 1.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. UBS Group boosted 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 report on Friday, May 1st. Citigroup boosted their target price on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.12.

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.