Air Products and Chemicals, Inc. $APD Shares Bought by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 61.8% during the third quarter, HoldingsChannel reports. The firm owned 69,164 shares of the basic materials company’s stock after purchasing an additional 26,420 shares during the quarter. Staley Capital Advisers Inc.’s holdings in Air Products and Chemicals were worth $18,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Journey Strategic Wealth LLC lifted its stake in shares of Air Products and Chemicals by 3.7% in the 3rd quarter. Journey Strategic Wealth LLC now owns 1,085 shares of the basic materials company’s stock worth $296,000 after acquiring an additional 39 shares during the period. 49 Wealth Management LLC lifted its position in Air Products and Chemicals by 5.2% in the third quarter. 49 Wealth Management LLC now owns 1,993 shares of the basic materials company’s stock valued at $544,000 after purchasing an additional 98 shares during the period. Meridian Wealth Advisors LLC boosted its holdings in Air Products and Chemicals by 5.5% in the 3rd quarter. Meridian Wealth Advisors LLC now owns 13,765 shares of the basic materials company’s stock valued at $3,754,000 after purchasing an additional 713 shares in the last quarter. Aviso Financial Inc. increased its position in Air Products and Chemicals by 4.9% during the 3rd quarter. Aviso Financial Inc. now owns 9,113 shares of the basic materials company’s stock worth $2,485,000 after purchasing an additional 426 shares during the period. Finally, Rafferty Asset Management LLC raised its stake in shares of Air Products and Chemicals by 0.6% during the 3rd quarter. Rafferty Asset Management LLC now owns 18,972 shares of the basic materials company’s stock worth $5,174,000 after buying an additional 106 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Down 0.2%

Shares of NYSE APD opened at $275.78 on Monday. The firm’s 50-day moving average is $267.19 and its two-hundred day moving average is $266.88. The company has a market capitalization of $61.40 billion, a PE ratio of -182.64, a price-to-earnings-growth ratio of 2.70 and a beta of 0.87. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $321.47. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, topping 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 negative net margin of 2.73% and a positive return on equity of 15.77%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $2.86 EPS. 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 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be given a $1.81 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -479.47%.

Analysts Set New Price Targets

APD has been the topic of a number of recent analyst reports. Citigroup upped their price objective on Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $250.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Evercore reduced 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 research note on Tuesday, November 11th. Finally, BMO Capital Markets restated a “market perform” rating and set a $282.00 target price on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $295.88.

Insider Activity at Air Products and Chemicals

In related news, Director Ridge Lp Mantle sold 70,175 shares of Air Products and Chemicals stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the completion of the sale, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. This trade represents a 42.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.88% of the stock is currently owned by 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.