Air Products and Chemicals, Inc. $APD Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,027 shares of the basic materials company’s stock after selling 2,335 shares during the quarter. Pacer Advisors Inc.’s holdings in Air Products and Chemicals were worth $4,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Rockland Trust Co. raised its holdings in shares of Air Products and Chemicals by 8.2% in the fourth quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock valued at $14,058,000 after buying an additional 4,319 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 valued at $121,909,000 after acquiring an additional 23,760 shares during the period. Barclays PLC increased 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 valued at $215,356,000 after acquiring an additional 111,317 shares during the period. Mather Group LLC. raised its stake in Air Products and Chemicals by 11.5% during the 4th quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock valued at $14,197,000 after acquiring an additional 5,909 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Air Products and Chemicals by 0.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock valued at $627,065,000 after acquiring an additional 21,479 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on APD shares. JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, May 4th. Morgan Stanley boosted their price objective on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Citigroup upped their price objective on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Finally, Berenberg Bank set a $350.00 target price on shares of Air Products and Chemicals and gave the stock a “buy” rating in a research note on Monday, April 20th. 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.12.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the sale, the chief financial officer directly owned 14,212 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 1.88% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE APD opened at $283.01 on Tuesday. The stock has a market capitalization of $63.02 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.46 and a beta of 0.74. The business’s 50 day moving average is $291.09 and its two-hundred day moving average is $277.34. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $307.96. 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 (NYSE:APD) last posted its quarterly earnings results 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 business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $2.69 EPS. The company’s quarterly revenue 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. Research analysts expect that Air Products and Chemicals, Inc. will post 13.23 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced 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 of this dividend is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is 76.61%.

Air Products and Chemicals 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.