Air Products and Chemicals, Inc. $APD Shares Sold by Fayez Sarofim & Co

Fayez Sarofim & Co cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 205,588 shares of the basic materials company’s stock after selling 7,178 shares during the quarter. Fayez Sarofim & Co owned about 0.09% of Air Products and Chemicals worth $56,068,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $1,020,081,000. Viking Global Investors LP acquired a new position in shares of Air Products and Chemicals during the second quarter worth approximately $607,601,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Air Products and Chemicals by 644.6% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock worth $281,258,000 after buying an additional 892,793 shares during the period. Franklin Resources Inc. grew its holdings in Air Products and Chemicals by 21.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,616,305 shares of the basic materials company’s stock worth $1,258,678,000 after buying an additional 821,524 shares in the last quarter. Finally, Capital International Investors increased its position in Air Products and Chemicals by 7.4% in the 3rd quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock valued at $2,419,029,000 after acquiring an additional 609,489 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $315.00 target price on shares of Air Products and Chemicals in a research note on Monday, February 2nd. UBS Group increased their price target on Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Mizuho cut their price objective on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Weiss Ratings raised shares of Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $282.00 target price on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $299.12.

Insider Activity at Air Products and Chemicals

In related news, Director Ridge Lp Mantle sold 70,175 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $284.21, for a total value of $19,944,436.75. Following the sale, the director directly owned 93,499 shares in the company, valued at $26,573,350.79. The trade was a 42.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.88% of the stock is owned by insiders.

Air Products and Chemicals Trading Down 0.9%

Shares of Air Products and Chemicals stock opened at $287.79 on Monday. The business has a fifty day simple moving average of $273.37 and a 200-day simple moving average of $265.81. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $301.11. The firm has a market cap of $64.08 billion, a price-to-earnings ratio of -190.59, a price-to-earnings-growth ratio of 2.82 and a beta of 0.88. 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 (NYSE:APD) last released its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the company earned $2.86 earnings per share. Air Products and Chemicals’s 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. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.5%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio is presently -474.17%.

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.