ProShare Advisors LLC Has $165.60 Million Holdings in Air Products and Chemicals, Inc. $APD

ProShare Advisors LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 670,374 shares of the basic materials company’s stock after purchasing an additional 65,999 shares during the period. ProShare Advisors LLC’s holdings in Air Products and Chemicals were worth $165,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Air Products and Chemicals by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 22,304,678 shares of the basic materials company’s stock valued at $5,509,702,000 after purchasing an additional 303,944 shares during the period. Capital Research Global Investors lifted its position in Air Products and Chemicals by 2.4% during the 3rd quarter. Capital Research Global Investors now owns 11,766,942 shares of the basic materials company’s stock valued at $3,209,068,000 after purchasing an additional 272,197 shares during the period. State Street Corp lifted its position in Air Products and Chemicals by 1.1% during the 3rd quarter. State Street Corp now owns 9,559,492 shares of the basic materials company’s stock valued at $2,607,065,000 after purchasing an additional 106,578 shares during the period. Dodge & Cox boosted its position in shares of Air Products and Chemicals by 2.1% in the 3rd quarter. Dodge & Cox now owns 9,004,892 shares of the basic materials company’s stock worth $2,455,814,000 after purchasing an additional 183,492 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Air Products and Chemicals by 7.4% in the 3rd quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock worth $2,419,029,000 after purchasing an additional 609,489 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Mizuho set a $345.00 price target on Air Products and Chemicals in a research report on Friday, May 1st. Jefferies Financial Group raised their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Citigroup raised their price target on 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, BMO Capital Markets upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target on the stock in a research report on Friday, May 1st. 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 stock. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $323.12.

Insider Buying and Selling

In related 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 transaction of $824,404.64. Following the sale, the chief financial officer owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. This trade represents a 16.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.88% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $293.39 on Tuesday. The company has a market capitalization of $65.33 billion, a PE ratio of 31.05, a PEG ratio of 2.59 and a beta of 0.77. 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. The stock’s fifty day simple moving average is $293.17 and its 200 day simple moving average is $272.26.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.06 by $0.14. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate 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 was up 8.8% compared to the same quarter last year. During the same quarter last year, the business 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. On average, research analysts predict that Air Products and Chemicals, Inc. will post 13.2 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be paid a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.61%.

About Air Products and Chemicals

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.