Harbour Wealth Management Group Inc. Acquires New Position in Air Products and Chemicals, Inc. $APD

Harbour Wealth Management Group Inc. acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,054 shares of the basic materials company’s stock, valued at approximately $507,000.

Other institutional investors also recently bought and sold shares of the company. Rockland Trust Co. boosted its position in shares of 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 buying an additional 4,319 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 valued at $121,909,000 after buying an additional 23,760 shares during the period. Barclays PLC lifted its stake in Air Products and Chemicals by 16.4% during the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock worth $215,356,000 after acquiring an additional 111,317 shares in the last quarter. Mather Group LLC. lifted its stake in Air Products and Chemicals by 11.5% during the 4th quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock worth $14,197,000 after acquiring an additional 5,909 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Air Products and Chemicals by 0.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock valued at $627,065,000 after acquiring an additional 21,479 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Air Products and Chemicals

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the transaction, the chief financial officer owned 14,212 shares of the company’s stock, valued at $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.88% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD opened at $280.05 on Friday. The company’s 50 day simple moving average is $291.71 and its 200-day simple moving average is $277.02. The firm has a market cap of $62.36 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $307.96. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.06 by $0.14. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. Air Products and Chemicals’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 EPS. 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 analysts predict that Air Products and Chemicals, Inc. will post 13.23 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be issued a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price for the company in a report on Friday, May 1st. Morgan Stanley boosted their price target on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their price objective on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Wells Fargo & Company raised their price objective on Air Products and Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Weiss Ratings upgraded Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.12.

About Air Products and Chemicals

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.