Amica Mutual Insurance Co. Sells 4,206 Shares of Air Products and Chemicals, Inc. $APD

Amica Mutual Insurance Co. decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,540 shares of the basic materials company’s stock after selling 4,206 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Air Products and Chemicals were worth $5,056,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APD. Traub Capital Management LLC acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Air Products and Chemicals during the second quarter worth about $28,000. Abound Wealth Management increased its holdings in shares of Air Products and Chemicals by 292.3% in the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Air Products and Chemicals by 228.1% during the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 73 shares during the period. Finally, Cloud Capital Management LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter valued at about $34,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on APD. Weiss Ratings downgraded shares of Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Mizuho dropped 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 note on Thursday, December 18th. Wolfe Research reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft set a $255.00 target price on Air Products and Chemicals in a research report on Wednesday, December 10th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $295.88.

Insider Activity

In related news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction 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 sale, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.88% of the stock is currently owned by insiders.

Air Products and Chemicals Price Performance

NYSE:APD opened at $279.95 on Monday. The stock has a market capitalization of $62.33 billion, a PE ratio of -185.40, a P/E/G ratio of 2.74 and a beta of 0.87. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $321.47. The firm has a fifty day simple moving average of $259.41 and a 200 day simple moving average of $267.50. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.12. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a $1.81 dividend. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio is currently -474.17%.

Air Products and Chemicals Company 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.