Rockland Trust Co. Has $14.06 Million Stock Position in Air Products and Chemicals, Inc. $APD

Rockland Trust Co. grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,909 shares of the basic materials company’s stock after purchasing an additional 4,319 shares during the period. Rockland Trust Co.’s holdings in Air Products and Chemicals were worth $14,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after buying an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new position in Air Products and Chemicals in the 4th quarter valued at $245,000. American Century Companies Inc. raised its holdings in Air Products and Chemicals by 10.4% in the 2nd quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock worth $16,258,000 after acquiring an additional 5,430 shares during the period. XTX Topco Ltd acquired a new position in Air Products and Chemicals during the 2nd quarter worth $654,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Air Products and Chemicals by 4.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,245 shares of the basic materials company’s stock worth $6,557,000 after acquiring an additional 998 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $282.00 price objective on shares of Air Products and Chemicals in a research note on Monday, February 2nd. UBS Group upped 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. Citigroup lifted their price objective on Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $270.00 to $325.00 in a research report on Friday, March 13th. Finally, Jefferies Financial Group raised their target price on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. 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, the company has an average rating of “Moderate Buy” and an average target price of $300.88.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $290.30 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. The business’s fifty day moving average price is $279.13 and its two-hundred day moving average price is $265.45. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $301.11. The stock has a market capitalization of $64.64 billion, a price-to-earnings ratio of -192.25, a price-to-earnings-growth ratio of 2.86 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the business earned $2.86 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. 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, analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS 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. Shareholders of record on Wednesday, April 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. This is a boost 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 (DPR) is presently -474.17%.

Insider Buying and Selling

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 1.88% of the stock is currently owned by company insiders.

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.