Caprock Group LLC Invests $1.06 Million in Air Products and Chemicals, Inc. $APD

Caprock Group LLC bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,618 shares of the basic materials company’s stock, valued at approximately $1,064,000.

Several other hedge funds have also added to or reduced their stakes in APD. American Century Companies Inc. raised 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. Swiss National Bank increased its stake in Air Products and Chemicals by 7.4% during the 2nd quarter. Swiss National Bank now owns 673,400 shares of the basic materials company’s stock valued at $189,939,000 after purchasing an additional 46,200 shares in the last quarter. Platform Technology Partners raised its holdings in Air Products and Chemicals by 683.0% in the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock worth $1,954,000 after buying an additional 6,249 shares during the last quarter. Rockland Trust Co. lifted its stake in shares of 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 buying an additional 2,741 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Air Products and Chemicals by 1.5% in the second quarter. Vanguard Group Inc. now owns 21,739,830 shares of the basic materials company’s stock worth $6,131,936,000 after buying an additional 324,885 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Insider Activity

In related 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 value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.88% of the stock is currently owned by insiders.

Air Products and Chemicals Stock Down 4.0%

Air Products and Chemicals stock opened at $279.95 on Monday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $321.47. The stock has a fifty day moving average of $259.41 and a 200 day moving average of $267.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46. The stock has a market cap of $62.33 billion, a PE ratio of -185.40, a price-to-earnings-growth ratio of 2.74 and a beta of 0.87.

Air Products and Chemicals (NYSE:APD) last announced its earnings results 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 positive return on equity of 15.77% and a negative net margin of 2.73%.The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the firm posted $2.86 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side analysts predict 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 dividend of $1.81 per share. The ex-dividend date is Wednesday, April 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. 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 -474.17%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on APD. Royal Bank Of Canada decreased their price objective on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, November 7th. 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 report on Thursday, December 11th. JPMorgan Chase & Co. upped their price target on Air Products and Chemicals from $260.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Finally, Evercore reduced their price objective on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Hold” and a consensus target price of $295.88.

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.