Skba Capital Management LLC Boosts Holdings in Air Products and Chemicals, Inc. $APD

Skba Capital Management LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,062 shares of the basic materials company’s stock after purchasing an additional 4,470 shares during the quarter. Air Products and Chemicals comprises approximately 2.0% of Skba Capital Management LLC’s holdings, making the stock its 18th largest holding. Skba Capital Management LLC’s holdings in Air Products and Chemicals were worth $14,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. YANKCOM Partnership raised its position in Air Products and Chemicals by 1.3% during the second quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock valued at $791,000 after purchasing an additional 35 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Air Products and Chemicals by 7.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 37 shares during the last quarter. Sage Capital Advisors llc grew its holdings in Air Products and Chemicals by 0.3% during the 3rd quarter. Sage Capital Advisors llc now owns 14,930 shares of the basic materials company’s stock valued at $4,072,000 after purchasing an additional 38 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in Air Products and Chemicals by 3.7% in the third quarter. Journey Strategic Wealth LLC now owns 1,085 shares of the basic materials company’s stock worth $296,000 after purchasing an additional 39 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its position in shares of Air Products and Chemicals by 1.0% during the third quarter. Essex Financial Services Inc. now owns 4,239 shares of the basic materials company’s stock valued at $1,156,000 after buying an additional 40 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ridge Lp Mantle sold 70,175 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the sale, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.88% of the company’s stock.

Air Products and Chemicals Trading Down 1.2%

Shares of NYSE APD opened at $273.02 on Wednesday. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $318.66. The business has a fifty day moving average price of $268.39 and a 200 day moving average price of $266.65. The stock has a market capitalization of $60.79 billion, a P/E ratio of -180.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.88. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.04 by $0.12. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates 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 company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.86 earnings per share. 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. Equities research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a yield of 2.7%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio is currently -474.17%.

Analysts Set New Price Targets

APD has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price objective on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Evercore cut their price target on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. JPMorgan Chase & Co. lifted their price objective 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. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $315.00 target price on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $255.00 price objective on Air Products and Chemicals in a research note on Wednesday, December 10th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $295.88.

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.