Parallel Advisors LLC Boosts Stock Holdings in Air Products and Chemicals, Inc. $APD

Parallel Advisors LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 47.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,099 shares of the basic materials company’s stock after purchasing an additional 1,957 shares during the period. Parallel Advisors LLC’s holdings in Air Products and Chemicals were worth $1,507,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in APD. Norges Bank purchased a new position in Air Products and Chemicals during the 4th quarter valued at about $1,063,906,000. Viking Global Investors LP purchased a new position in Air Products and Chemicals during the 2nd quarter valued at about $607,601,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Air Products and Chemicals by 644.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock valued at $281,258,000 after purchasing an additional 892,793 shares during the period. Franklin Resources Inc. increased its position in Air Products and Chemicals by 21.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,616,305 shares of the basic materials company’s stock valued at $1,258,678,000 after purchasing an additional 821,524 shares during the period. Finally, Capital International Investors grew its position in shares of Air Products and Chemicals by 7.4% in the 3rd quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock worth $2,419,029,000 after buying an additional 609,489 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.1%

APD stock opened at $282.74 on Monday. The firm’s fifty day simple moving average is $293.91 and its 200-day simple moving average is $275.53. The company has a market capitalization of $62.96 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $307.96.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.06 by $0.14. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.2 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be paid a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s payout ratio is currently 76.19%.

Insider Activity

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer directly owned 14,212 shares in the company, 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. 1.88% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on APD shares. UBS Group lifted their price objective on shares of Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Mizuho set a $345.00 target price on shares of Air Products and Chemicals in a research report on Friday, May 1st. Royal Bank Of Canada boosted their target price on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research note on Monday, May 4th. Finally, Citigroup upped their price objective on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.12.

About Air Products and Chemicals

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.