Air Products and Chemicals, Inc. $APD Shares Bought by Assetmark Inc.

Key Points

• Assetmark Inc. increased its stake in Air Products and Chemicals by 4.9% in Q4, acquiring 6,342 shares to hold 135,947 shares total (about 0.06% of the company) worth roughly $33.58 million.
• An insider, Ridge Lp Mantle, sold 70,175 shares on Feb. 12 at an average of $284.21 (≈$19.94 million), cutting their ownership by 42.87%; insiders now hold about 1.88% of the stock.
• Wall Street’s consensus is a “Moderate Buy” with an average price target of $303.94, while the company raised its quarterly dividend to $1.81 and set FY2026 EPS guidance of $12.85–$13.15.

Assetmark Inc. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,947 shares of the basic materials company's stock after acquiring an additional 6,342 shares during the period. Assetmark Inc. owned approximately 0.06% of Air Products and Chemicals worth $33,582,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Air Products and Chemicals by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 22,000,734 shares of the basic materials company's stock valued at $6,000,040,000 after purchasing an additional 260,904 shares during the period. Capital Research Global Investors boosted its position in Air Products and Chemicals by 2.4% during the third quarter. Capital Research Global Investors now owns 11,766,942 shares of the basic materials company's stock valued at $3,209,068,000 after purchasing an additional 272,197 shares during the last quarter. State Street Corp grew its stake in Air Products and Chemicals by 1.1% in the third quarter. State Street Corp now owns 9,559,492 shares of the basic materials company's stock valued at $2,607,065,000 after purchasing an additional 106,578 shares in the last quarter. Dodge & Cox increased its stake in shares of Air Products and Chemicals by 2.1% during the 3rd quarter. Dodge & Cox now owns 9,004,892 shares of the basic materials company's stock worth $2,455,814,000 after purchasing an additional 183,492 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Air Products and Chemicals by 7.4% during 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 acquiring an additional 609,489 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction dated 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. This represents a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.88% of the company's stock.

Wall Street Analysts Forecast Growth

APD has been the topic of several recent analyst reports. Mizuho dropped their target price on shares of Air Products and Chemicals from $300.00 to $290.00 and set an "outperform" rating on the stock in a report on Thursday, December 18th. Citigroup lifted their price objective on Air Products and Chemicals from $285.00 to $315.00 and gave the stock a "neutral" rating in a research note on Monday. UBS Group upped their target price on shares of Air Products and Chemicals from $285.00 to $307.00 and gave the company a "neutral" rating in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Finally, Wells Fargo & Company raised Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $270.00 to $325.00 in a report on Friday, March 13th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $303.94.

Air Products and Chemicals Trading Down 0.7%

APD stock opened at $296.66 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. The stock has a market capitalization of $66.05 billion, a price-to-earnings ratio of -196.46, a P/E/G ratio of 2.93 and a beta of 0.80. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $301.25. The business has a fifty day moving average price of $285.30 and a 200 day moving average price of $266.39.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.12. The company 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 company's revenue was up 5.8% on a year-over-year basis. During the same period in the previous 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. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be issued a $1.81 dividend. This is a boost from Air Products and Chemicals's previous quarterly dividend of $1.79. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals's dividend payout ratio is currently -479.47%.

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.

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