Assetmark Inc. Acquires 15,306 Shares of Air Products and Chemicals, Inc. $APD

Assetmark Inc. raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,605 shares of the basic materials company’s stock after acquiring an additional 15,306 shares during the quarter. Assetmark Inc.’s holdings in Air Products and Chemicals were worth $35,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Air Products and Chemicals by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,739,830 shares of the basic materials company’s stock valued at $6,131,936,000 after acquiring an additional 324,885 shares during the last quarter. State Street Corp lifted its holdings in shares of Air Products and Chemicals by 1.9% during the second quarter. State Street Corp now owns 9,452,914 shares of the basic materials company’s stock worth $2,666,289,000 after purchasing an additional 180,056 shares during the period. Dodge & Cox grew its stake in shares of Air Products and Chemicals by 0.7% in the second quarter. Dodge & Cox now owns 8,821,400 shares of the basic materials company’s stock worth $2,488,164,000 after purchasing an additional 61,678 shares during the last quarter. JPMorgan Chase & Co. raised its position in Air Products and Chemicals by 5.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,434,228 shares of the basic materials company’s stock worth $1,814,839,000 after purchasing an additional 310,799 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Air Products and Chemicals by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,134,550 shares of the basic materials company’s stock worth $1,450,526,000 after purchasing an additional 27,256 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on APD. Mizuho reduced their price target on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Argus dropped their price target on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Royal Bank Of Canada lowered their target price on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. JPMorgan Chase & Co. upped their target price on Air Products and Chemicals from $260.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, Jefferies Financial Group boosted their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $295.88.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $279.95 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $321.47. The stock’s 50 day moving average is $259.41 and its 200-day moving average is $267.85. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $62.33 billion, a price-to-earnings ratio of -185.40, a PEG ratio of 2.86 and a beta of 0.87.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. Air Products and Chemicals’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.86 EPS. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s payout ratio is currently -474.17%.

Insider Transactions at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $284.21, for a total value of $19,944,436.75. Following the completion of the sale, the director owned 93,499 shares in the company, valued at $26,573,350.79. This represents a 42.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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.