Air Products and Chemicals (NYSE:APD) Shares Sold Rep. Richard McCormick

Key Points

• Rep. Richard McCormick sold Air Products and Chemicals shares valued between $1,001 and $15,000 on July 30, along with holdings in 10 other companies, including Medtronic, PepsiCo, Johnson & Johnson and Home Depot.
• Air Products and Chemicals reported quarterly EPS of $3.47, beating estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion but fell short of expectations.
• The company declared a quarterly dividend of $1.81 per share, equivalent to $7.24 annually and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $332.76.

Representative Richard McCormick (Republican-Georgia) recently sold shares of Air Products and Chemicals, Inc. NYSE: APD. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Air Products and Chemicals stock on July 30th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Intercontinental Exchange NYSE: ICE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Illinois Tool Works NYSE: ITW on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/30/2026.

Air Products and Chemicals Stock Performance

APD opened at $300.68 on Tuesday. The firm has a market cap of $66.96 billion, a P/E ratio of -1,366.73, a PEG ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The company has a 50 day simple moving average of $293.96 and a two-hundred day simple moving average of $289.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $3.09 earnings per share. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. Equities analysts forecast that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals's payout ratio is -3,290.91%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Air Products and Chemicals by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company's stock valued at $121,909,000 after purchasing an additional 23,760 shares in the last quarter. Castle Rock Wealth Management LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $1,649,000. S&CO Inc. purchased a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $27,733,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Air Products and Chemicals by 22.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,511 shares of the basic materials company's stock valued at $10,007,000 after acquiring an additional 7,485 shares during the last quarter. Finally, Staley Capital Advisers Inc. raised its position in shares of Air Products and Chemicals by 108.2% during the 4th quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company's stock worth $35,579,000 after acquiring an additional 74,868 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on APD. Bank of America upped their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the company a "neutral" rating in a research report on Tuesday, April 21st. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a report on Monday, August 3rd. Wells Fargo & Company increased their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Royal Bank Of Canada raised their price target on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets raised shares of Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 price objective for the company in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus price target of $332.76.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

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.

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