Greenup Street Wealth Management LLC Sells 5,353 Shares of Air Products and Chemicals, Inc. $APD

Greenup Street Wealth Management LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 57.1% in the 4th quarter, HoldingsChannel reports. The fund owned 4,020 shares of the basic materials company’s stock after selling 5,353 shares during the period. Greenup Street Wealth Management LLC’s holdings in Air Products and Chemicals were worth $993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Air Products and Chemicals by 1.2% during the third quarter. Vanguard Group Inc. now owns 22,000,734 shares of the basic materials company’s stock worth $6,000,040,000 after acquiring an additional 260,904 shares in the last quarter. Capital Research Global Investors increased its position in shares of Air Products and Chemicals by 2.4% during the third quarter. Capital Research Global Investors now owns 11,766,942 shares of the basic materials company’s stock worth $3,209,068,000 after acquiring an additional 272,197 shares in the last quarter. State Street Corp increased its position in shares of Air Products and Chemicals by 1.1% during the third quarter. State Street Corp now owns 9,559,492 shares of the basic materials company’s stock worth $2,607,065,000 after acquiring an additional 106,578 shares in the last quarter. Dodge & Cox increased its position in shares of Air Products and Chemicals by 2.1% during the third quarter. Dodge & Cox now owns 9,004,892 shares of the basic materials company’s stock worth $2,455,814,000 after acquiring an additional 183,492 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Air Products and Chemicals by 7.4% during the third quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock worth $2,419,029,000 after acquiring an additional 609,489 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

APD has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $270.00 to $325.00 in a research note on Friday, March 13th. Sanford C. Bernstein restated an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Jefferies Financial Group upped their price target on shares of 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. Finally, Citigroup increased their target price on shares of Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $302.18.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the firm’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 sale, the director owned 93,499 shares of the company’s stock, valued at $26,573,350.79. This trade represents a 42.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.88% of the stock is currently owned by company insiders.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $298.89 on Friday. The company’s fifty day moving average price is $284.37 and its 200-day moving average price is $265.99. The firm has a market capitalization of $66.55 billion, a price-to-earnings ratio of -197.94, a PEG ratio of 2.93 and a beta of 0.80. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $301.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.04 by $0.12. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the firm earned $2.86 EPS. The firm’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. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s payout ratio is -479.47%.

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.