State of Alaska Department of Revenue Decreases Stake in Air Products and Chemicals, Inc. $APD

State of Alaska Department of Revenue lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,050 shares of the basic materials company’s stock after selling 1,720 shares during the quarter. State of Alaska Department of Revenue’s holdings in Air Products and Chemicals were worth $5,446,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of APD. Viking Global Investors LP purchased a new stake in shares of Air Products and Chemicals during the 2nd 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% during the 3rd 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 period. Franklin Resources Inc. lifted its position in Air Products and Chemicals by 21.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,616,305 shares of the basic materials company’s stock worth $1,258,678,000 after acquiring an additional 821,524 shares in the last quarter. Capital International Investors lifted its position in Air Products and Chemicals by 7.4% during the 3rd quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock worth $2,419,029,000 after acquiring an additional 609,489 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Air Products and Chemicals by 31.2% during the 3rd quarter. Invesco Ltd. now owns 1,880,652 shares of the basic materials company’s stock worth $512,891,000 after acquiring an additional 447,724 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on APD shares. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $270.00 to $325.00 in a research report on Friday, March 13th. Citigroup boosted their price target on Air Products and Chemicals from $285.00 to $315.00 and gave the stock a “neutral” rating in a research report on Monday. Mizuho reduced their price target on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Jefferies Financial Group boosted their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $282.00 price target on shares of Air Products and Chemicals in a research report 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $303.94.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $296.66 on Wednesday. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $301.25. 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 company has a market capitalization of $66.05 billion, a price-to-earnings ratio of -196.46, a price-to-earnings-growth ratio of 2.93 and a beta of 0.80. The business has a 50 day simple moving average of $285.30 and a 200-day simple moving average of $266.39.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the business earned $2.86 EPS. 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, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The company also recently declared 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. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date is Wednesday, April 1st. 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 (DPR) is presently -479.47%.

Insider Buying and Selling 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 value of $19,944,436.75. Following the completion of the sale, the director directly owned 93,499 shares in the company, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.88% of the company’s stock.

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.