Air Products and Chemicals, Inc. $APD Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 397,263 shares of the basic materials company’s stock after selling 24,860 shares during the quarter. PNC Financial Services Group Inc. owned 0.18% of Air Products and Chemicals worth $108,342,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of APD. Brighton Jones LLC lifted its holdings in Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after acquiring an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $245,000. CWM LLC boosted its holdings in Air Products and Chemicals by 9.4% during the second quarter. CWM LLC now owns 7,461 shares of the basic materials company’s stock worth $2,104,000 after buying an additional 639 shares in the last quarter. Ritholtz Wealth Management grew its position in Air Products and Chemicals by 17.8% in the second quarter. Ritholtz Wealth Management now owns 1,889 shares of the basic materials company’s stock worth $533,000 after buying an additional 286 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Air Products and Chemicals by 6.5% in the second quarter. Nordea Investment Management AB now owns 19,229 shares of the basic materials company’s stock valued at $5,413,000 after buying an additional 1,168 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of APD opened at $279.95 on Monday. The business’s 50-day moving average is $259.41 and its 200-day moving average is $267.50. 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 company has a market capitalization of $62.33 billion, a price-to-earnings ratio of -185.40, a P/E/G ratio of 2.74 and a beta of 0.87. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $321.47.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the firm posted $2.86 earnings per share. The firm’s revenue 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. Equities research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently declared 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. 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 positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio is presently -474.17%.

Insider Activity at Air Products and Chemicals

In related news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on APD shares. Royal Bank Of Canada decreased their target price on 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. Deutsche Bank Aktiengesellschaft set a $255.00 price target on Air Products and Chemicals in a research report on Wednesday, December 10th. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $250.00 to $270.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Wolfe Research reiterated an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, December 8th. Finally, Evercore cut their price target on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $295.88.

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.