Swiss Life Asset Management Ltd Has $6.62 Million Holdings in Air Products and Chemicals, Inc. $APD

Swiss Life Asset Management Ltd boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 53.9% in the third quarter, HoldingsChannel reports. The firm owned 24,283 shares of the basic materials company’s stock after acquiring an additional 8,502 shares during the period. Swiss Life Asset Management Ltd’s holdings in Air Products and Chemicals were worth $6,622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of APD. Sage Capital Advisors llc raised its holdings 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 valued at $4,072,000 after buying an additional 38 shares during the last quarter. Journey Strategic Wealth LLC raised 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 acquiring an additional 39 shares during the last quarter. Essex Financial Services Inc. lifted its position in shares of Air Products and Chemicals by 1.0% during 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. Cape Investment Advisory Inc. grew its stake in shares of Air Products and Chemicals by 1.1% during the second 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 last quarter. Finally, Schear Investment Advisers LLC increased its holdings in shares of Air Products and Chemicals by 1.1% in the third quarter. Schear Investment Advisers LLC now owns 3,944 shares of the basic materials company’s stock valued at $1,076,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity

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

Air Products and Chemicals Price Performance

Shares of APD opened at $280.86 on Friday. The stock has a market cap of $62.54 billion, a P/E ratio of -186.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.88. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $301.11. The stock’s 50-day moving average price is $275.85 and its two-hundred day moving average price is $265.68. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.12. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates 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%. Air Products and Chemicals’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $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. On average, equities 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 firm 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 represents a $7.24 annualized dividend and a dividend yield of 2.6%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio is currently -474.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APD. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $270.00 to $325.00 in a research report on Friday, March 13th. Wolfe Research reaffirmed an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, December 8th. UBS Group raised their price target on Air Products and Chemicals from $250.00 to $285.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Mizuho dropped their price objective on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Finally, Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $300.88.

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.