WealthPLAN Partners LLC Lowers Stock Holdings in Air Products and Chemicals, Inc. $APD

WealthPLAN Partners LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 31.9% during the first quarter, Holdings Channel.com reports. The fund owned 5,853 shares of the basic materials company’s stock after selling 2,748 shares during the quarter. WealthPLAN Partners LLC’s holdings in Air Products and Chemicals were worth $1,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APD. Holos Integrated Wealth LLC bought a new position in Air Products and Chemicals in the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. lifted its holdings in shares of Air Products and Chemicals by 3,233.3% in the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock worth $25,000 after buying an additional 97 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth $25,000. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals during the 1st quarter worth $25,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals during the fourth quarter valued at $25,000. Institutional investors own 81.66% of the company’s stock.

Insider Activity at Air Products and Chemicals

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $303.76, for a total value of $824,404.64. Following the completion of the sale, the chief financial officer owned 14,212 shares of the company’s stock, valued at $4,317,037.12. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on APD. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $344.00 price objective on shares of Air Products and Chemicals in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, May 4th. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a research note on Friday, May 1st. Bank of America lifted their price objective on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $324.82.

Air Products and Chemicals Stock Performance

APD stock opened at $305.19 on Wednesday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The firm has a market cap of $67.96 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 2.80 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43. The firm has a 50-day simple moving average of $290.27 and a two-hundred day simple moving average of $281.05.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.14. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm earned $2.69 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio is currently 76.61%.

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.