Air Products and Chemicals, Inc. $APD Shares Sold by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 52.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,320 shares of the basic materials company’s stock after selling 18,889 shares during the period. Abner Herrman & Brock LLC’s holdings in Air Products and Chemicals were worth $4,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Century Companies Inc. increased its position in shares of Air Products and Chemicals by 10.4% in the 2nd quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock worth $16,258,000 after purchasing an additional 5,430 shares during the last quarter. Platform Technology Partners lifted its position in shares of Air Products and Chemicals by 683.0% during the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock worth $1,954,000 after purchasing an additional 6,249 shares during the last quarter. Rockland Trust Co. grew its stake in Air Products and Chemicals by 5.5% in the third quarter. Rockland Trust Co. now owns 52,590 shares of the basic materials company’s stock worth $14,342,000 after purchasing an additional 2,741 shares in the last quarter. Swiss National Bank grew its stake in Air Products and Chemicals by 7.4% in the second quarter. Swiss National Bank now owns 673,400 shares of the basic materials company’s stock worth $189,939,000 after purchasing an additional 46,200 shares in the last quarter. Finally, Barclays PLC increased its holdings in Air Products and Chemicals by 16.4% in the third quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock valued at $215,356,000 after buying an additional 111,317 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APD has been the topic of several research reports. Wolfe Research reissued 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 raised shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 target price on the stock in a report on Thursday, January 8th. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $270.00 to $325.00 in a research note on Friday, March 13th. BMO Capital Markets reiterated 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. Finally, Deutsche Bank Aktiengesellschaft set a $255.00 price target on Air Products and Chemicals in a report on Wednesday, December 10th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $299.12.

Insider Activity at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the transaction, the director directly owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. This trade represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.88% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE APD opened at $284.72 on Friday. The company has a 50-day moving average price of $275.50 and a two-hundred day moving average price of $265.96. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $301.11. The stock has a market cap of $63.40 billion, a price-to-earnings ratio of -188.56, a price-to-earnings-growth ratio of 2.76 and a beta of 0.88. 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 released 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 company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the company posted $2.86 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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. Analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. 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 dividend yield of 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) 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.