Dearborn Partners LLC Sells 1,827 Shares of Air Products and Chemicals, Inc. $APD

Dearborn Partners LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,392 shares of the basic materials company’s stock after selling 1,827 shares during the period. Dearborn Partners LLC’s holdings in Air Products and Chemicals were worth $5,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Air Products and Chemicals by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 22,304,678 shares of the basic materials company’s stock valued at $5,509,702,000 after purchasing an additional 303,944 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Air Products and Chemicals by 2.4% during the third quarter. Capital Research Global Investors now owns 11,766,942 shares of the basic materials company’s stock valued at $3,209,068,000 after purchasing an additional 272,197 shares in the last quarter. State Street Corp boosted its stake in shares of Air Products and Chemicals by 1.1% during the third quarter. State Street Corp now owns 9,559,492 shares of the basic materials company’s stock valued at $2,607,065,000 after purchasing an additional 106,578 shares in the last quarter. Dodge & Cox boosted its stake in shares of Air Products and Chemicals by 2.1% during the third quarter. Dodge & Cox now owns 9,004,892 shares of the basic materials company’s stock valued at $2,455,814,000 after purchasing an additional 183,492 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Air Products and Chemicals by 7.4% during the third quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock valued at $2,419,029,000 after purchasing an additional 609,489 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 0.0%

Shares of Air Products and Chemicals stock opened at $282.74 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $307.96. The firm has a market capitalization of $62.96 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 2.48 and a beta of 0.74. The firm’s 50 day simple moving average is $293.91 and its two-hundred day simple moving average is $275.38.

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

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $1.81 per share. The ex-dividend date is Wednesday, July 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 is presently 76.61%.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the transaction, the chief financial officer owned 14,212 shares in the company, valued at approximately $4,317,037.12. This represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on APD. Bank of America increased their target price on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Berenberg Bank set a $350.00 target price on shares of Air Products and Chemicals and gave the company a “buy” rating in a research report on Monday, April 20th. Citigroup increased their target price on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Royal Bank Of Canada increased their target price on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, BMO Capital Markets raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price for the company in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.12.

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.