Air Products and Chemicals, Inc. $APD Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,174 shares of the basic materials company’s stock after selling 4,777 shares during the quarter. Fifth Third Bancorp owned about 0.06% of Air Products and Chemicals worth $34,956,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals during the second quarter worth about $28,000. Traub Capital Management LLC acquired a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $28,000. Abound Wealth Management grew its position in Air Products and Chemicals by 292.3% during the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 76 shares during the last quarter. Westside Investment Management Inc. increased its stake in Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in shares of Air Products and Chemicals by 169.6% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the basic materials company’s stock worth $35,000 after buying an additional 78 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APD has been the topic of several analyst reports. Wolfe Research restated an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, December 8th. Bank of America upgraded Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 target price on the stock in a research report on Thursday, January 8th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group raised their price objective on Air Products and Chemicals from $250.00 to $285.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, Argus reduced their target price on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $295.88.

Air Products and Chemicals Price Performance

NYSE:APD opened at $279.95 on Tuesday. The stock has a 50 day moving average of $260.30 and a two-hundred day moving average of $267.44. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $321.47. The firm has a market cap of $62.33 billion, a P/E ratio of -185.40, a price-to-earnings-growth ratio of 2.74 and a beta of 0.87. 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 issued its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the company posted $2.86 earnings per share. The business’s 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. On average, analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

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

Insider Activity

In related news, Director Ridge Lp Mantle sold 70,175 shares of the company’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 sale, the director owned 93,499 shares in the company, valued at $26,573,350.79. This represents a 42.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.88% of the company’s stock.

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.