Drucker Wealth 3.0 LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 41.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,241 shares of the basic materials company’s stock after selling 4,382 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Air Products and Chemicals were worth $1,702,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after purchasing an additional 412 shares in the last quarter. Bison Wealth LLC acquired a new stake in Air Products and Chemicals during the 4th quarter worth approximately $245,000. Nordea Investment Management AB grew its holdings in Air Products and Chemicals by 6.5% during the 2nd quarter. Nordea Investment Management AB now owns 19,229 shares of the basic materials company’s stock worth $5,413,000 after acquiring an additional 1,168 shares during the last quarter. International Assets Investment Management LLC increased its position in Air Products and Chemicals by 7.6% in the 2nd quarter. International Assets Investment Management LLC now owns 2,293 shares of the basic materials company’s stock valued at $647,000 after acquiring an additional 161 shares during the period. Finally, Bogart Wealth LLC raised its stake in shares of Air Products and Chemicals by 92.1% during the second quarter. Bogart Wealth LLC now owns 461 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 221 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on APD. Evercore reduced their price objective on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Argus reduced their price target on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft set a $255.00 price objective on Air Products and Chemicals in a research report on Wednesday, December 10th. JPMorgan Chase & Co. lifted their price objective on Air Products and Chemicals from $260.00 to $280.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Jefferies Financial Group increased their target price on shares of Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $295.88.
Air Products and Chemicals Stock Down 0.7%
Air Products and Chemicals stock opened at $277.75 on Wednesday. The company has a market capitalization of $61.84 billion, a PE ratio of -183.94, a PEG ratio of 2.74 and a beta of 0.87. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $321.47. The firm’s fifty day moving average is $261.24 and its 200 day moving average is $267.41. 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 – Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the company posted $2.86 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. 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, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.
Air Products and Chemicals Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be paid a dividend of $1.81 per share. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 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 currently -479.47%.
Insider Transactions at Air Products and Chemicals
In other news, Director Ridge Lp Mantle sold 70,175 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 93,499 shares in the company, valued at $26,573,350.79. The trade was a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.88% of the company’s stock.
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.
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