Fideuram Intesa Sanpaolo Private Banking S.P.A. Cuts Stock Holdings in Air Products and Chemicals, Inc. $APD

Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 98.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 630 shares of the basic materials company’s stock after selling 37,388 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Air Products and Chemicals were worth $183,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of APD. Holos Integrated Wealth LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth $25,000. Richardson Financial Services Inc. lifted its holdings in Air Products and Chemicals by 3,233.3% in the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 97 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth $25,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 0.2%

Shares of NYSE:APD opened at $313.55 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $69.82 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.85 and a beta of 0.73. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.28. The stock’s fifty day simple moving average is $290.10 and its 200-day simple moving average is $280.16.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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 firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $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 research analysts forecast that Air Products and Chemicals, Inc. will post 13.22 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be issued a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.3%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.61%.

Insiders Place Their Bets

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the completion of the sale, the chief financial officer owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.88% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on APD shares. BMO Capital Markets raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a report on Friday, May 1st. JPMorgan Chase & Co. increased their target price 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. Morgan Stanley lifted 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 research report on Tuesday, May 5th. Citigroup boosted their price target on Air Products and Chemicals from $285.00 to $315.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company raised their price objective on Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research note 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $324.82.

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.