Air Products and Chemicals, Inc. $APD Shares Bought by Allstate Corp

Allstate Corp increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 104.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,523 shares of the basic materials company’s stock after buying an additional 8,440 shares during the period. Allstate Corp’s holdings in Air Products and Chemicals were worth $4,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockland Trust Co. increased its holdings in Air Products and Chemicals by 8.2% in the 4th quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock worth $14,058,000 after buying an additional 4,319 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Air Products and Chemicals by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after purchasing an additional 23,760 shares in the last quarter. Barclays PLC boosted its position in Air Products and Chemicals by 16.4% in the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock worth $215,356,000 after purchasing an additional 111,317 shares in the last quarter. Mather Group LLC. boosted its position in Air Products and Chemicals by 11.5% in the 4th quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock worth $14,197,000 after purchasing an additional 5,909 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Air Products and Chemicals by 0.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock worth $627,065,000 after purchasing an additional 21,479 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insiders Place Their Bets

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction on 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 owned 14,212 shares in the company, valued at approximately $4,317,037.12. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.88% of the company’s stock.

Air Products and Chemicals Trading Down 1.3%

Shares of APD stock opened at $285.79 on Thursday. The stock’s fifty day moving average is $294.33 and its two-hundred day moving average is $274.47. 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 market capitalization of $63.64 billion, a P/E ratio of 30.24, a PEG ratio of 2.54 and a beta of 0.77. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $307.96.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $0.14. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm 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. Research analysts expect that Air Products and Chemicals, Inc. will post 13.2 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders 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 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.61%.

Analyst Ratings Changes

Several equities research analysts have commented on APD shares. Bank of America upped their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. UBS Group upped their price objective on 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. Weiss Ratings upgraded shares of Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. 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 research report on Friday, May 1st. Finally, Morgan Stanley upped their price objective on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.12.

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.