AR Asset Management Inc. Makes New $571,000 Investment in Air Products and Chemicals, Inc. $APD

AR Asset Management Inc. bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 1,964 shares of the basic materials company’s stock, valued at approximately $571,000.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Air Products and Chemicals by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after acquiring an additional 23,760 shares during the period. Rockland Trust Co. raised its holdings in Air Products and Chemicals by 8.2% during the fourth quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock worth $14,058,000 after purchasing an additional 4,319 shares during the last quarter. Mather Group LLC. boosted its position in Air Products and Chemicals by 11.5% during the fourth quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock worth $14,197,000 after purchasing an additional 5,909 shares in the last quarter. Assetmark Inc. grew its holdings in Air Products and Chemicals by 4.9% in the fourth quarter. Assetmark Inc. now owns 135,947 shares of the basic materials company’s stock valued at $33,582,000 after purchasing an additional 6,342 shares during the last quarter. Finally, Vantage Wealth increased its position in shares of Air Products and Chemicals by 17.7% in the fourth quarter. Vantage Wealth now owns 75,282 shares of the basic materials company’s stock valued at $18,596,000 after buying an additional 11,303 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $297.14 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market cap of $66.17 billion, a PE ratio of 31.44, a P/E/G ratio of 2.69 and a beta of 0.73. The company’s fifty day simple moving average is $289.31 and its 200-day simple moving average is $285.05. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.14. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm earned $2.69 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. As a group, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.22 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company upped their target price on Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Mizuho set a $345.00 price objective on Air Products and Chemicals in a research report on Friday, May 1st. Citigroup upped their target price on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $326.88.

Insider Activity

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the transaction, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.88% of the stock is 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.