Axxcess Wealth Management LLC Has $1.36 Million Stock Position in Air Products and Chemicals, Inc. $APD

Axxcess Wealth Management LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 84.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,679 shares of the basic materials company’s stock after buying an additional 2,146 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,359,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APD. FIDELIS iM LLC acquired a new position in Air Products and Chemicals during the first quarter worth about $220,000. Bank of Stockton boosted its stake in shares of Air Products and Chemicals by 18.8% in the 1st quarter. Bank of Stockton now owns 2,492 shares of the basic materials company’s stock valued at $724,000 after purchasing an additional 394 shares in the last quarter. United Asset Strategies Inc. grew its holdings in shares of Air Products and Chemicals by 504.7% during the 1st quarter. United Asset Strategies Inc. now owns 26,504 shares of the basic materials company’s stock valued at $7,699,000 after purchasing an additional 22,121 shares during the last quarter. Burney Co. grew its holdings in shares of Air Products and Chemicals by 35.5% during the 1st quarter. Burney Co. now owns 2,727 shares of the basic materials company’s stock valued at $792,000 after purchasing an additional 714 shares during the last quarter. Finally, Greatmark Investment Partners Inc. increased its position in Air Products and Chemicals by 5.9% during the 1st quarter. Greatmark Investment Partners Inc. now owns 11,308 shares of the basic materials company’s stock worth $3,285,000 after purchasing an additional 627 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the subject of a number of research reports. Mizuho set a $345.00 price target on Air Products and Chemicals 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 report on Tuesday, May 5th. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a report on Friday, May 1st. UBS Group lifted 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 research report on Friday, May 1st. Finally, Weiss Ratings raised shares of Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $324.82.

Insider Buying and Selling at Air Products and Chemicals

In other 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 value of $824,404.64. Following the transaction, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at $4,317,037.12. The trade was a 16.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.88% of the company’s stock.

Air Products and Chemicals Stock Down 2.6%

Air Products and Chemicals stock opened at $297.01 on Thursday. The firm has a market cap of $66.14 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.77 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 $314.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43. The firm has a 50 day moving average price of $290.16 and a two-hundred day moving average price of $281.42.

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, beating analysts’ consensus estimates 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 company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm posted $2.69 EPS. 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 predict that Air Products and Chemicals, Inc. will post 13.22 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.61%.

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.