HB Wealth Management LLC Sells 2,797 Shares of Air Products and Chemicals, Inc. $APD

HB Wealth Management LLC trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,994 shares of the basic materials company’s stock after selling 2,797 shares during the period. HB Wealth Management LLC’s holdings in Air Products and Chemicals were worth $8,150,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rockland Trust Co. raised its stake in shares of Air Products and Chemicals by 8.2% during the 4th quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock worth $14,058,000 after purchasing an additional 4,319 shares during the period. Platform Technology Partners raised its stake in shares of Air Products and Chemicals by 683.0% during the 3rd quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock worth $1,954,000 after purchasing an additional 6,249 shares during the period. Barclays PLC raised its stake in shares of Air Products and Chemicals by 16.4% during 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 during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of 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 worth $627,065,000 after purchasing an additional 21,479 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Air Products and Chemicals by 3.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 137,875 shares of the basic materials company’s stock worth $37,426,000 after purchasing an additional 4,699 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Up 2.3%

Shares of Air Products and Chemicals stock opened at $303.67 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $304.00. The stock’s 50-day simple moving average is $286.50 and its 200 day simple moving average is $267.71. The stock has a market capitalization of $67.61 billion, a P/E ratio of -201.11, a P/E/G ratio of 2.79 and a beta of 0.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.86 EPS. 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. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 13.03 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business 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 dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s payout ratio is presently -479.47%.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent analyst reports. Citigroup lifted their target price on Air Products and Chemicals from $285.00 to $315.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Bank of America boosted their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research note on Tuesday. Jefferies Financial Group boosted their price objective on 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. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $270.00 to $325.00 in a research note on Friday, March 13th. Finally, Weiss Ratings upgraded Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $308.06.

Insiders Place Their Bets

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of Air Products and Chemicals stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the completion of the transaction, the director owned 93,499 shares of the company’s stock, valued at $26,573,350.79. The trade was 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. 1.88% of the stock is owned by insiders.

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.