Midwest Trust Co Has $11.28 Million Stock Holdings in Air Products and Chemicals, Inc. $APD

Midwest Trust Co lessened its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.3% during the 4th quarter, HoldingsChannel reports. The fund owned 45,664 shares of the basic materials company’s stock after selling 3,582 shares during the quarter. Midwest Trust Co’s holdings in Air Products and Chemicals were worth $11,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rockland Trust Co. grew its holdings in Air Products and Chemicals by 8.2% during the fourth quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock valued at $14,058,000 after purchasing an additional 4,319 shares during the period. Platform Technology Partners raised its holdings in Air Products and Chemicals by 683.0% in the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock worth $1,954,000 after purchasing an additional 6,249 shares during the period. Barclays PLC boosted its position in shares of Air Products and Chemicals by 16.4% during the third quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock worth $215,356,000 after purchasing an additional 111,317 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Air Products and Chemicals by 11.5% in the 4th quarter. Mather Group LLC. now owns 57,474 shares of the basic materials company’s stock valued at $14,197,000 after buying an additional 5,909 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Air Products and Chemicals by 0.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock valued at $627,065,000 after buying an additional 21,479 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. BMO Capital Markets raised 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. JPMorgan Chase & Co. increased their price target on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Citigroup raised their price target on Air Products and Chemicals from $285.00 to $315.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Berenberg Bank set a $350.00 price objective on Air Products and Chemicals and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.12.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $295.52 on Monday. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $307.29. The company’s fifty day simple moving average is $289.84 and its 200-day simple moving average is $270.03. The firm has a market cap of $65.81 billion, a PE ratio of 31.27, a P/E/G ratio of 2.59 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, beating 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 business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm earned $2.69 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Air Products and Chemicals, Inc. will post 13.2 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors 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 yield of 2.4%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

Insider Activity at Air Products and Chemicals

In related news, Director Ridge Lp Mantle sold 70,175 shares of the 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 directly owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 14,212 shares in the company, valued at $4,317,037.12. This trade represents a 16.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.88% of the company’s stock.

Air Products and Chemicals Company 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.