Third View Private Wealth LLC Invests $5.22 Million in Air Products and Chemicals, Inc. $APD

Third View Private Wealth LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 4th quarter, Holdings Channel reports. The institutional investor bought 21,125 shares of the basic materials company’s stock, valued at approximately $5,218,000. Air Products and Chemicals comprises approximately 0.7% of Third View Private Wealth LLC’s holdings, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rockland Trust Co. raised its position 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 acquiring an additional 4,319 shares in the last quarter. Platform Technology Partners increased its position in Air Products and Chemicals by 683.0% during the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock worth $1,954,000 after buying an additional 6,249 shares during the period. Barclays PLC increased its position in Air Products and Chemicals by 16.4% during the third quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock worth $215,356,000 after buying an additional 111,317 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Air Products and Chemicals by 0.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock worth $627,065,000 after buying an additional 21,479 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Air Products and Chemicals by 3.5% during the third quarter. Russell Investments Group Ltd. now owns 137,875 shares of the basic materials company’s stock worth $37,426,000 after buying an additional 4,699 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on APD shares. JPMorgan Chase & Co. raised Air Products and Chemicals from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $280.00 to $310.00 in a research report on Friday, March 20th. Bank of America upgraded shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 price target for the company in a research note on Thursday, January 8th. Sanford C. Bernstein reiterated 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. Weiss Ratings upgraded shares of Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $282.00 price target on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $303.94.

Air Products and Chemicals Trading Down 0.0%

NYSE:APD opened at $298.58 on Tuesday. The firm has a market cap of $66.48 billion, a P/E ratio of -197.73, a PEG ratio of 2.93 and a beta of 0.80. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97. The stock’s 50 day simple moving average is $284.92 and its 200-day simple moving average is $266.18. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $301.25.

Air Products and Chemicals (NYSE:APD) last released its earnings results 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 analyst estimates 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 company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.86 earnings per share. 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. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

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

Insider Activity

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 value of $19,944,436.75. Following the transaction, the director owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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.