Rep. Richard McCormick Sells Off Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Representative Richard McCormick (Republican-Georgia) recently sold shares of Air Products and Chemicals, Inc. (NYSE:APD). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Air Products and Chemicals stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.

Air Products and Chemicals Stock Down 2.7%

Air Products and Chemicals stock opened at $300.68 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company has a 50-day simple moving average of $293.96 and a 200-day simple moving average of $289.79. The firm has a market capitalization of $66.96 billion, a P/E ratio of -1,366.73, a P/E/G ratio of 2.68 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm posted $3.09 EPS. Air Products and Chemicals’s quarterly revenue was up 4.6% compared to the same quarter last year. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. As a group, equities analysts expect that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio is currently -3,290.91%.

Institutional Investors Weigh In On Air Products and Chemicals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APD. BlackRock Inc. purchased a new stake in shares of Air Products and Chemicals during the second quarter worth $5,370,093,000. Norges Bank acquired a new position in Air Products and Chemicals in the 4th quarter worth about $1,063,906,000. Bank of America Corp DE purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter worth about $1,216,976,000. Capital International Investors lifted its holdings in shares of Air Products and Chemicals by 44.2% during the 4th quarter. Capital International Investors now owns 12,792,580 shares of the basic materials company’s stock valued at $3,160,023,000 after buying an additional 3,922,567 shares during the last quarter. Finally, Viking Global Investors LP bought a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $607,601,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on APD shares. Weiss Ratings downgraded Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Evercore reissued an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a report on Friday, July 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Citigroup lifted their target price on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $332.76.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

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.