Carderock Capital Management Inc. Sells 5,513 Shares of Air Products and Chemicals, Inc. $APD

Carderock Capital Management Inc. reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,994 shares of the basic materials company’s stock after selling 5,513 shares during the period. Carderock Capital Management Inc.’s holdings in Air Products and Chemicals were worth $5,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sage Capital Advisors llc grew its stake in Air Products and Chemicals by 0.3% during the third quarter. Sage Capital Advisors llc now owns 14,930 shares of the basic materials company’s stock worth $4,072,000 after purchasing an additional 38 shares during the period. Journey Strategic Wealth LLC boosted its holdings in shares of Air Products and Chemicals by 3.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 1,085 shares of the basic materials company’s stock worth $296,000 after buying an additional 39 shares in the last quarter. Essex Financial Services Inc. grew its position in shares of Air Products and Chemicals by 1.0% during the 3rd quarter. Essex Financial Services Inc. now owns 4,239 shares of the basic materials company’s stock worth $1,156,000 after buying an additional 40 shares during the period. Cape Investment Advisory Inc. grew its position in shares of Air Products and Chemicals by 1.1% during the 2nd quarter. Cape Investment Advisory Inc. now owns 3,611 shares of the basic materials company’s stock worth $1,019,000 after buying an additional 41 shares during the period. Finally, Schear Investment Advisers LLC increased its stake in shares of Air Products and Chemicals by 1.1% in the 3rd quarter. Schear Investment Advisers LLC now owns 3,944 shares of the basic materials company’s stock valued at $1,076,000 after acquiring an additional 41 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ridge Lp Mantle sold 70,175 shares of Air Products and Chemicals stock in a transaction that occurred 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 owned 93,499 shares of the company’s stock, valued at $26,573,350.79. The trade was a 42.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.88% of the stock is currently owned by insiders.

Air Products and Chemicals Stock Down 0.8%

Shares of NYSE APD opened at $278.85 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. The company has a 50-day moving average price of $276.09 and a 200-day moving average price of $265.42. The stock has a market capitalization of $62.09 billion, a P/E ratio of -184.67, a P/E/G ratio of 2.75 and a beta of 0.88. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $301.11.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. The company 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 firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.86 EPS. 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, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS 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. Stockholders of record on Wednesday, April 1st will be issued a $1.81 dividend. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio is -474.17%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APD. Wolfe Research reissued an “outperform” rating and set a $315.00 target price on shares of Air Products and Chemicals in a research note on Monday, December 8th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $270.00 to $325.00 in a report on Friday, March 13th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Jefferies Financial Group boosted their target price on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Bank of America raised Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 price target on the stock in a research note on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $300.88.

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.