Hsbc Holdings PLC Has $132.86 Million Stock Position in Air Products and Chemicals, Inc. $APD

Hsbc Holdings PLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 457,333 shares of the basic materials company’s stock after selling 8,921 shares during the period. Hsbc Holdings PLC’s holdings in Air Products and Chemicals were worth $132,860,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in APD. Cary Street Partners Financial LLC grew its stake in Air Products and Chemicals by 2.2% in the fourth quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock valued at $399,000 after acquiring an additional 35 shares during the period. Revisor Wealth Management LLC raised its position in shares of Air Products and Chemicals by 0.8% during the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock worth $1,320,000 after purchasing an additional 36 shares during the period. StoneX Group Inc. raised its position in shares of Air Products and Chemicals by 1.3% during the fourth quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock worth $688,000 after purchasing an additional 36 shares during the period. CYBER HORNET ETFs LLC lifted its holdings in shares of Air Products and Chemicals by 6.1% during the 4th quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock valued at $159,000 after purchasing an additional 37 shares in the last quarter. Finally, Dakota Community Bank & Trust NA grew its position in shares of Air Products and Chemicals by 5.3% in the 4th quarter. Dakota Community Bank & Trust NA now owns 756 shares of the basic materials company’s stock valued at $187,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling

In related news, 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 value of $824,404.64. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.88% of the company’s stock.

Air Products and Chemicals Stock Down 0.7%

NYSE:APD opened at $295.31 on Friday. The stock has a 50-day simple moving average of $289.80 and a 200 day simple moving average of $283.76. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The company has a market cap of $65.76 billion, a PE ratio of 31.25, a PEG ratio of 2.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43.

Air Products and Chemicals (NYSE:APD) last released its earnings results 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. 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 in the previous year, the business posted $2.69 EPS. The business’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. On average, sell-side analysts expect that Air Products and Chemicals, Inc. will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be given a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s payout ratio is currently 76.61%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. UBS Group upped their price target on shares of Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Evercore reissued an “outperform” rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 10th. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a report on Friday, May 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $358.00 price objective on shares of Air Products and Chemicals in a research report on Friday. One 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

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.