King Luther Capital Management Corp Sells 2,837 Shares of Air Products and Chemicals, Inc. $APD

King Luther Capital Management Corp lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,035 shares of the basic materials company’s stock after selling 2,837 shares during the quarter. King Luther Capital Management Corp’s holdings in Air Products and Chemicals were worth $23,970,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Holos Integrated Wealth LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $25,000. Richardson Financial Services Inc. boosted its position in shares of Air Products and Chemicals by 3,233.3% during the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 97 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $25,000. Financial Life Planners bought a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at about $30,000. Finally, Caitlin John LLC bought a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at about $30,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $285.79 on Thursday. The stock has a market cap of $63.64 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 2.54 and a beta of 0.77. 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, Inc. has a 1-year low of $229.11 and a 1-year high of $307.96. The stock’s 50-day moving average is $294.33 and its 200 day moving average is $274.47.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data 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. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.Air Products and Chemicals’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $2.69 EPS. 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. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.2 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be paid a $1.81 dividend. 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 payout ratio is 76.61%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APD. Wells Fargo & Company lifted their price target on Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Bank of America lifted their price target on 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. Sanford C. Bernstein reissued an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a report on Monday, February 2nd. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Mizuho set a $345.00 price objective on Air Products and Chemicals in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $323.12.

Insider Buying and Selling

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals 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 of the company’s stock, valued at $4,317,037.12. The trade was a 16.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.88% of the stock is owned by company 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.