Dearborn Partners LLC Sells 1,827 Shares of Air Products and Chemicals, Inc. $APD

Dearborn Partners LLC cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,392 shares of the basic materials company’s stock after selling 1,827 shares during the period. Dearborn Partners LLC’s holdings in Air Products and Chemicals were worth $5,531,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in APD. Norges Bank bought a new position in Air Products and Chemicals during the 4th quarter valued at about $1,063,906,000. Viking Global Investors LP bought a new position in Air Products and Chemicals during the 2nd quarter valued at about $607,601,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Air Products and Chemicals by 644.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock valued at $281,258,000 after purchasing an additional 892,793 shares during the last quarter. Franklin Resources Inc. grew its holdings in Air Products and Chemicals by 21.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,616,305 shares of the basic materials company’s stock valued at $1,258,678,000 after purchasing an additional 821,524 shares during the last quarter. Finally, Capital International Investors grew its holdings in 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 during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $282.74 on Friday. 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 company has a market capitalization of $62.96 billion, a P/E ratio of 29.92, a P/E/G ratio of 2.48 and a beta of 0.74. The company’s 50-day simple moving average is $293.91 and its two-hundred day simple moving average is $275.38. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $307.96.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.14. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 EPS. 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 anticipate that Air Products and Chemicals, Inc. will post 13.2 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio is currently 76.61%.

Wall Street Analyst Weigh In

Several brokerages recently commented on APD. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, May 4th. Mizuho set a $345.00 price target on shares of Air Products and Chemicals in a report on Friday, May 1st. 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. Morgan Stanley upped their price target on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Finally, Bank of America upped their price target on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.12.

Insider Buying and Selling

In other Air Products and Chemicals 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 $4,317,037.12. This represents a 16.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.88% of the stock is owned by corporate insiders.

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.