Bokf Na Sells 2,583 Shares of Air Products and Chemicals, Inc. $APD

Bokf Na lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 40.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,836 shares of the basic materials company’s stock after selling 2,583 shares during the period. Bokf Na’s holdings in Air Products and Chemicals were worth $948,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of APD. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Air Products and Chemicals by 1.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,817 shares of the basic materials company’s stock valued at $7,612,000 after purchasing an additional 417 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Air Products and Chemicals by 56.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 504 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 182 shares during the last quarter. Garner Asset Management Corp increased its position in shares of Air Products and Chemicals by 83.3% during the 4th quarter. Garner Asset Management Corp now owns 2,828 shares of the basic materials company’s stock valued at $699,000 after purchasing an additional 1,285 shares during the last quarter. Christine Messmer PC purchased a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $988,000. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Air Products and Chemicals by 2.4% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,679 shares of the basic materials company’s stock valued at $415,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.2%

APD stock opened at $295.52 on Friday. The firm has a fifty day moving average price of $289.84 and a 200 day moving average price of $270.03. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $307.29. 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 market cap of $65.81 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 2.59 and a beta of 0.77.

Air Products and Chemicals (NYSE:APD) last posted 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 firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the firm posted $2.69 earnings per share. Air Products and Chemicals’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. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.2 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm 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 $1.81 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is 76.61%.

Wall Street Analysts Forecast Growth

APD has been the subject of several research reports. Mizuho set a $345.00 price target on shares of Air Products and Chemicals in a research report on Friday, May 1st. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Sanford C. Bernstein reiterated an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Finally, Bank of America boosted their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus target price of $323.12.

Insiders Place Their Bets

In related news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. This trade represents a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the completion of the transaction, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company 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.