Bank of Nova Scotia Sells 3,782 Shares of Air Products and Chemicals, Inc. $APD

Bank of Nova Scotia cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,089 shares of the basic materials company’s stock after selling 3,782 shares during the period. Bank of Nova Scotia’s holdings in Air Products and Chemicals were worth $9,031,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new stake in Air Products and Chemicals in the first quarter worth about $25,000. Cornerstone Planning Group LLC grew its position in Air Products and Chemicals by 318.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 70 shares during the last quarter. Main Street Group LTD purchased a new stake in shares of Air Products and Chemicals during the first quarter valued at $27,000. Richardson Financial Services Inc. grew its holdings in shares of 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 worth $25,000 after purchasing an additional 97 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in Air Products and Chemicals during the 4th quarter valued at about $25,000. 81.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the completion of the sale, the chief financial officer directly owned 14,212 shares in the company, valued at $4,317,037.12. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.88% of the stock is owned by company insiders.

Air Products and Chemicals Price Performance

NYSE APD opened at $298.57 on Monday. The firm’s fifty day simple moving average is $289.26 and its two-hundred day simple moving average is $285.68. The firm has a market capitalization of $66.49 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.70 and a beta of 0.73. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87.

Air Products and Chemicals (NYSE:APD) last issued 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 return on equity of 16.11% and a net margin of 16.91%.The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the business posted $2.69 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. 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. Analysts forecast that Air Products and Chemicals, Inc. will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.61%.

Analysts Set New Price Targets

A number of brokerages have commented on APD. JPMorgan Chase & Co. upped their target price on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. BMO Capital Markets upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target for the company in a report on Friday, May 1st. Mizuho set a $345.00 price objective on Air Products and Chemicals in a 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 research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $326.88.

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.