Air Products and Chemicals, Inc. $APD Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,912,392 shares of the basic materials company’s stock after selling 490,204 shares during the quarter. Bank of America Corp DE owned 2.21% of Air Products and Chemicals worth $1,339,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at about $1,020,081,000. Viking Global Investors LP acquired a new position in Air Products and Chemicals during the second quarter worth about $607,601,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Air Products and Chemicals by 644.6% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock worth $281,258,000 after acquiring an additional 892,793 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Air Products and Chemicals by 21.6% in the third quarter. Franklin Resources Inc. now owns 4,616,305 shares of the basic materials company’s stock valued at $1,258,678,000 after purchasing an additional 821,524 shares in the last quarter. Finally, Capital International Investors grew its position in shares of Air Products and Chemicals by 7.4% in the third quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock valued at $2,419,029,000 after purchasing an additional 609,489 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $287.79 on Monday. 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 $64.08 billion, a PE ratio of -190.59, a P/E/G ratio of 2.82 and a beta of 0.88. The firm has a 50 day simple moving average of $273.37 and a 200-day simple moving average of $265.81. 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 announced its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. The firm 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%. Air Products and Chemicals’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.86 earnings per share. 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 expect 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 disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.5%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s payout ratio is -474.17%.

Analyst Upgrades and Downgrades

APD has been the subject of a number of recent research reports. UBS Group raised their price objective on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Citigroup increased their target price on Air Products and Chemicals from $272.00 to $285.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft set a $255.00 target price on Air Products and Chemicals in a report on Wednesday, December 10th. Jefferies Financial Group boosted 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. Finally, Wolfe Research restated an “outperform” rating and issued a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, December 8th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $299.12.

Insider Activity at Air Products and Chemicals

In related news, Director Ridge Lp Mantle sold 70,175 shares of the company’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 completion of the transaction, the director directly owned 93,499 shares in the company, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.88% of the stock is currently owned by corporate insiders.

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.