Phoenix Financial Ltd. Sells 2,030 Shares of Air Products and Chemicals, Inc. $APD

Phoenix Financial Ltd. cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,474 shares of the basic materials company’s stock after selling 2,030 shares during the period. Phoenix Financial Ltd.’s holdings in Air Products and Chemicals were worth $2,093,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in APD. Viking Global Investors LP bought a new position in shares of Air Products and Chemicals in the second quarter worth about $607,601,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Air Products and Chemicals by 644.6% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock worth $281,258,000 after purchasing an additional 892,793 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Air Products and Chemicals by 21.6% in the third quarter. Franklin Resources Inc. now owns 4,616,305 shares of the basic materials company’s stock worth $1,258,678,000 after purchasing an additional 821,524 shares during the last quarter. Capital International Investors grew its holdings in shares of Air Products and Chemicals by 7.4% in 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 purchasing an additional 609,489 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Air Products and Chemicals by 31.2% in the third quarter. Invesco Ltd. now owns 1,880,652 shares of the basic materials company’s stock worth $512,891,000 after purchasing an additional 447,724 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APD has been the topic of a number of research reports. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Sanford C. Bernstein restated an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, February 2nd. Weiss Ratings upgraded shares of Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. UBS Group boosted their price target on shares of Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Bank of America boosted their price target on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. One 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.12.

Air Products and Chemicals Stock Performance

APD stock opened at $295.14 on Friday. The firm has a market cap of $65.72 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.63 and a beta of 0.77. The firm has a 50-day simple moving average of $292.82 and a two-hundred day simple moving average of $271.87. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $307.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.06 by $0.14. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.69 earnings per share. 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, equities analysts forecast that Air Products and Chemicals, Inc. will post 13.2 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend 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%.

Insider Activity at Air Products and Chemicals

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the completion of the transaction, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at $4,317,037.12. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.