Truist Financial Corp Sells 38,431 Shares of Air Products and Chemicals, Inc. $APD

Truist Financial Corp trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 38.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,668 shares of the basic materials company’s stock after selling 38,431 shares during the quarter. Truist Financial Corp’s holdings in Air Products and Chemicals were worth $15,233,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Holos Integrated Wealth LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. raised its stake in Air Products and Chemicals by 3,233.3% in the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after buying an additional 97 shares during the period. Financial Life Planners acquired a new stake in shares of Air Products and Chemicals in the third quarter valued at approximately $30,000. Caitlin John LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $30,000. Finally, Cloud Capital Management LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $34,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APD has been the topic of a number of research analyst reports. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Mizuho set a $345.00 price objective on shares of Air Products and Chemicals in a report on Friday, May 1st. Bank of America increased 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 research report on Tuesday, April 21st. Morgan Stanley raised their target price on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus target price of $323.12.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $294.94 on Friday. The stock has a 50 day simple moving average of $289.84 and a 200 day simple moving average of $270.03. The stock has a market cap of $65.68 billion, a P/E ratio of 31.21, a PEG ratio of 2.64 and a beta of 0.77. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $307.29. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.14. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business 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. Research analysts anticipate that Air Products and Chemicals, Inc. will post 13.18 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 76.19%.

Insider Activity

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were 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. The trade was a 16.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.88% of the stock is owned by insiders.

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.