US Bancorp DE Has $32.26 Million Stock Position in Air Products and Chemicals, Inc. $APD

US Bancorp DE reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,294 shares of the basic materials company’s stock after selling 2,074 shares during the period. US Bancorp DE’s holdings in Air Products and Chemicals were worth $32,261,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APD. Traub Capital Management LLC acquired a new position in Air Products and Chemicals during the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals during the 2nd quarter worth about $28,000. Abound Wealth Management raised its position in shares of Air Products and Chemicals by 292.3% during the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after buying an additional 76 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 shares during the period. Finally, Cloud Capital Management LLC acquired a new stake in Air Products and Chemicals during the third quarter worth about $34,000. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

APD has been the subject of several recent research reports. Wells Fargo & Company upped their price target on Air Products and Chemicals from $250.00 to $270.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. Argus cut their target price on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. JPMorgan Chase & Co. boosted their price target on shares of Air Products and Chemicals from $260.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Mizuho reduced their price objective on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Finally, Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Hold” and an average target price of $295.88.

Air Products and Chemicals Stock Down 0.2%

Shares of NYSE APD opened at $275.78 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $321.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46. The business has a fifty day moving average of $267.19 and a two-hundred day moving average of $267.23. The stock has a market cap of $61.41 billion, a PE ratio of -182.64, a PEG ratio of 2.71 and a beta of 0.87.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.12. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $2.86 EPS. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s payout ratio is -474.17%.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $284.21, for a total value of $19,944,436.75. Following the transaction, the director owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.88% of the company’s stock.

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.