Assetmark Inc. Has $35.35 Million Holdings in Air Products and Chemicals, Inc. $APD

Assetmark Inc. raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,605 shares of the basic materials company’s stock after purchasing an additional 15,306 shares during the quarter. Assetmark Inc. owned 0.06% of Air Products and Chemicals worth $35,346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Traub Capital Management LLC acquired a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at $28,000. Abound Wealth Management lifted 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 buying an additional 76 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of 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 worth $30,000 after buying an additional 73 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $34,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the sale, the director directly owned 93,499 shares in the company, valued at $26,573,350.79. This represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.88% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Argus decreased their target price on shares of 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. Royal Bank Of Canada dropped 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 report on Friday, November 7th. Jefferies Financial Group lifted their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $315.00 target price on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $282.00 price target on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.88.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $279.95 on Friday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $321.47. 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 firm has a market cap of $62.33 billion, a price-to-earnings ratio of -185.40, a P/E/G ratio of 2.86 and a beta of 0.87. The stock’s fifty day moving average price is $259.41 and its two-hundred day moving average price is $267.85.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the company posted $2.86 earnings per share. Air Products and Chemicals’s 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, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be paid 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 payout ratio is presently -474.17%.

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.