Kayne Anderson Capital Advisors LP Has $27.18 Million Stock Position in Air Products and Chemicals, Inc. $APD

Kayne Anderson Capital Advisors LP lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 30.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,667 shares of the basic materials company’s stock after selling 43,853 shares during the quarter. Air Products and Chemicals makes up approximately 0.6% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 22nd biggest position. Kayne Anderson Capital Advisors LP’s holdings in Air Products and Chemicals were worth $27,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APD. YANKCOM Partnership grew its stake in shares of Air Products and Chemicals by 1.3% in the 2nd quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock valued at $791,000 after buying an additional 35 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Air Products and Chemicals by 7.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 37 shares during the last quarter. Sage Capital Advisors llc grew its position in Air Products and Chemicals by 0.3% in the third quarter. Sage Capital Advisors llc now owns 14,930 shares of the basic materials company’s stock worth $4,072,000 after acquiring an additional 38 shares in the last quarter. Solstein Capital LLC increased its stake in shares of Air Products and Chemicals by 31.0% during the 2nd quarter. Solstein Capital LLC now owns 165 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 39 shares during the last quarter. Finally, Fire Capital Management LLC raised its holdings in shares of Air Products and Chemicals by 1.6% during the 2nd quarter. Fire Capital Management LLC now owns 2,538 shares of the basic materials company’s stock valued at $716,000 after purchasing an additional 40 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their position. 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 owned by corporate insiders.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $278.93 on Wednesday. The company has a market cap of $62.11 billion, a price-to-earnings ratio of -184.72, a PEG ratio of 2.78 and a beta of 0.87. The business has a 50 day moving average price of $265.15 and a 200 day moving average price of $267.13. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $321.47.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.04 by $0.12. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The company 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 business posted $2.86 EPS. The company’s revenue for the quarter 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. Research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be issued a $1.81 dividend. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. Air Products and Chemicals’s payout ratio is currently -474.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APD. Evercore decreased their price objective on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Wells Fargo & Company upped their price target on Air Products and Chemicals from $250.00 to $270.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. BMO Capital Markets reissued a “market perform” rating and issued a $282.00 price objective on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Weiss Ratings lowered Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 13th. Finally, Jefferies Financial Group increased their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $295.88.

Air Products and Chemicals Company 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.