Prestige Wealth Management Group LLC Purchases 3,137 Shares of Air Products and Chemicals, Inc. $APD

Prestige Wealth Management Group LLC raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 310.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,147 shares of the basic materials company’s stock after acquiring an additional 3,137 shares during the period. Prestige Wealth Management Group LLC’s holdings in Air Products and Chemicals were worth $1,024,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of APD. Argent Advisors Inc. lifted its stake in shares of Air Products and Chemicals by 7.4% in the fourth quarter. Argent Advisors Inc. now owns 3,979 shares of the basic materials company’s stock valued at $983,000 after buying an additional 274 shares during the period. Vise Technologies Inc. lifted its stake in shares of Air Products and Chemicals by 113.5% in the fourth quarter. Vise Technologies Inc. now owns 6,136 shares of the basic materials company’s stock valued at $1,516,000 after buying an additional 3,262 shares during the period. Continuum Advisory LLC lifted its stake in shares of Air Products and Chemicals by 6.2% in the fourth quarter. Continuum Advisory LLC now owns 1,142 shares of the basic materials company’s stock valued at $282,000 after buying an additional 67 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Air Products and Chemicals by 2.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 39,890 shares of the basic materials company’s stock valued at $9,854,000 after buying an additional 1,127 shares during the period. Finally, State of Wyoming lifted its stake in shares of Air Products and Chemicals by 94.1% in the fourth quarter. State of Wyoming now owns 3,638 shares of the basic materials company’s stock valued at $899,000 after buying an additional 1,764 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APD has been the subject of several research reports. Weiss Ratings upgraded shares of Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Royal Bank Of Canada increased their target price on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Wells Fargo & Company increased their target price on shares of 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. Citigroup increased their target price on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.12.

Air Products and Chemicals Stock Up 0.3%

Shares of APD opened at $283.11 on Friday. The stock has a market cap of $63.04 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 2.48 and a beta of 0.74. 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, Inc. has a 12 month low of $229.11 and a 12 month high of $307.96. The company has a 50-day moving average price of $294.06 and a two-hundred day moving average price of $275.32.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.14. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.69 earnings per share. 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 analysts predict that Air Products and Chemicals, Inc. will post 13.2 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.19%.

Insider Buying and Selling at Air Products and Chemicals

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer 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. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.