Tocqueville Asset Management L.P. Sells 4,966 Shares of Air Products and Chemicals, Inc. $APD

Tocqueville Asset Management L.P. reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,075 shares of the basic materials company’s stock after selling 4,966 shares during the period. Air Products and Chemicals accounts for 0.7% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 28th biggest holding. Tocqueville Asset Management L.P.’s holdings in Air Products and Chemicals were worth $50,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. YANKCOM Partnership raised its stake in Air Products and Chemicals by 1.3% during the 2nd quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock worth $791,000 after acquiring an additional 35 shares during the period. Sage Capital Advisors llc boosted its position in shares of 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 purchasing an additional 38 shares during the period. Journey Strategic Wealth LLC increased its stake in shares of Air Products and Chemicals by 3.7% in the third quarter. Journey Strategic Wealth LLC now owns 1,085 shares of the basic materials company’s stock worth $296,000 after purchasing an additional 39 shares in the last quarter. Essex Financial Services Inc. increased its stake in shares of Air Products and Chemicals by 1.0% in the third quarter. Essex Financial Services Inc. now owns 4,239 shares of the basic materials company’s stock worth $1,156,000 after purchasing an additional 40 shares in the last quarter. Finally, Cape Investment Advisory Inc. raised its position in shares of Air Products and Chemicals by 1.1% during the 2nd quarter. Cape Investment Advisory Inc. now owns 3,611 shares of the basic materials company’s stock valued at $1,019,000 after purchasing an additional 41 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 93,499 shares in the company, valued at $26,573,350.79. This trade represents a 42.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.88% of the stock is owned by corporate insiders.

Air Products and Chemicals Price Performance

APD traded up $1.41 during trading on Friday, hitting $291.89. 317,619 shares of the company traded hands, compared to its average volume of 1,527,148. 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 company has a market cap of $64.99 billion, a PE ratio of -193.22, a P/E/G ratio of 2.72 and a beta of 0.88. The stock’s 50-day simple moving average is $272.61 and its two-hundred day simple moving average is $266.25. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $301.11.

Air Products and Chemicals (NYSE:APD) last announced 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 negative net margin of 2.73% and a positive return on equity of 15.77%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the company earned $2.86 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share 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. Investors of record on Wednesday, April 1st will be paid a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is currently -474.17%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on APD shares. Bank of America raised shares of Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 target price for the company in a report on Thursday, January 8th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group boosted their price objective on Air Products and Chemicals from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings raised Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Argus cut their target price on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $299.12.

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.