Air Products and Chemicals, Inc. $APD Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,310 shares of the basic materials company’s stock after selling 3,428 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Air Products and Chemicals were worth $15,357,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Traub Capital Management LLC purchased a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Air Products and Chemicals during the second quarter worth $28,000. Abound Wealth Management grew its holdings in Air Products and Chemicals by 292.3% in the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after buying an additional 76 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Air Products and Chemicals by 228.1% in the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. Finally, Cloud Capital Management LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter worth $34,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Mizuho cut their price objective on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. JPMorgan Chase & Co. increased their price target on shares of Air Products and Chemicals from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Wolfe Research reaffirmed an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, December 8th. Citigroup increased their price objective on Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings downgraded Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $295.88.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the sale, the director directly 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 filing 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 Up 0.7%

NYSE:APD opened at $283.20 on Tuesday. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $321.47. The stock’s fifty day moving average is $264.42 and its two-hundred day moving average is $267.20. The stock has a market capitalization of $63.06 billion, a price-to-earnings ratio of -187.55, a price-to-earnings-growth ratio of 2.76 and a beta of 0.87. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.12. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the business earned $2.86 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. 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. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. Air Products and Chemicals’s payout ratio is -474.17%.

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.