SVB Wealth LLC Sells 1,868 Shares of Air Products and Chemicals, Inc. $APD

SVB Wealth LLC lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,470 shares of the basic materials company’s stock after selling 1,868 shares during the period. SVB Wealth LLC’s holdings in Air Products and Chemicals were worth $4,492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Rockland Trust Co. boosted its stake in shares of Air Products and Chemicals by 5.5% during the 3rd quarter. Rockland Trust Co. now owns 52,590 shares of the basic materials company’s stock valued at $14,342,000 after purchasing an additional 2,741 shares in the last quarter. Navellier & Associates Inc. increased its position in shares of Air Products and Chemicals by 24.9% during the third quarter. Navellier & Associates Inc. now owns 2,842 shares of the basic materials company’s stock valued at $775,000 after acquiring an additional 567 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in Air Products and Chemicals by 6.6% in the third quarter. Johnson Investment Counsel Inc. now owns 18,726 shares of the basic materials company’s stock worth $5,107,000 after purchasing an additional 1,165 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Air Products and Chemicals by 2.8% in the third quarter. Profund Advisors LLC now owns 3,599 shares of the basic materials company’s stock worth $982,000 after acquiring an additional 98 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Air Products and Chemicals by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 24,580 shares of the basic materials company’s stock worth $6,703,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 1.2%

NYSE APD opened at $286.41 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $321.47. The firm has a market capitalization of $63.77 billion, a price-to-earnings ratio of -189.67, a PEG ratio of 2.77 and a beta of 0.87. The company has a fifty day moving average of $257.07 and a two-hundred day moving average of $267.67.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data 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. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the firm earned $2.86 earnings per share. The firm’s quarterly revenue 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. On average, analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share 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 given a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio is currently -474.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank Of Canada decreased their target price on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. BMO Capital Markets reiterated a “market perform” rating and set a $282.00 target price on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Weiss Ratings raised Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. Citigroup upped their price target on Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Mizuho reduced their price objective on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.88.

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.