Air Products and Chemicals, Inc. $APD Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 116,979 shares of the basic materials company’s stock after selling 3,971 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Air Products and Chemicals were worth $31,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Traub Capital Management LLC acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Air Products and Chemicals during the second quarter valued at $28,000. Abound Wealth Management increased its holdings in Air Products and Chemicals by 292.3% in the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after buying an additional 76 shares in the last quarter. Caitlin John LLC acquired a new position in shares of Air Products and Chemicals in the third quarter worth about $30,000. Finally, Financial Life Planners purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter worth about $30,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Down 0.9%

APD stock opened at $287.79 on Monday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $301.11. The business’s 50-day moving average is $273.37 and its 200 day moving average is $265.81. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97. The stock has a market cap of $64.08 billion, a price-to-earnings ratio of -190.59, a PEG ratio of 2.82 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD) last announced its earnings results 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. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio is currently -474.17%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wolfe Research restated an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft set a $255.00 price target on Air Products and Chemicals in a research report on Wednesday, December 10th. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $270.00 to $325.00 in a research note on Friday. Finally, Mizuho decreased their target price on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $299.12.

Insiders Place Their Bets

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of Air Products and Chemicals stock in a transaction 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 sale, the director owned 93,499 shares of the company’s stock, valued at $26,573,350.79. The trade was a 42.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.88% of the company’s stock.

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.