Air Products and Chemicals, Inc. $APD Shares Sold by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning trimmed its stake in Air Products and Chemicals by 5.5% to 82,393 shares (~$20.35M), and director Ridge Lp Mantle sold 70,175 shares (~$19.94M), a 42.9% reduction in his position; institutional investors still own about 81.66% of the stock while insiders hold 1.88%.
• Wall Street sentiment is mostly positive with a consensus rating of Moderate Buy and an average target of $308.06, after several firms raised price targets (notably Wells Fargo to $325) and multiple buy/upgrades.
• Air Products reported a quarterly beat (EPS $3.16 vs. $3.04 estimate; revenue $3.10B), set FY2026 guidance of $12.85–$13.15 EPS, and pays a $1.81 quarterly dividend (annualized $7.24, ~2.4% yield).

KLP Kapitalforvaltning AS reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 82,393 shares of the basic materials company's stock after selling 4,760 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Air Products and Chemicals were worth $20,353,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. Vanguard Group Inc. raised its stake in Air Products and Chemicals by 1.2% during the third quarter. Vanguard Group Inc. now owns 22,000,734 shares of the basic materials company's stock worth $6,000,040,000 after acquiring an additional 260,904 shares during the period. Capital Research Global Investors raised its stake 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 worth $3,209,068,000 after acquiring an additional 272,197 shares during the period. State Street Corp raised its stake in Air Products and Chemicals by 1.1% during the third quarter. State Street Corp now owns 9,559,492 shares of the basic materials company's stock worth $2,607,065,000 after acquiring an additional 106,578 shares during the period. Dodge & Cox raised its stake in Air Products and Chemicals by 2.1% during the third quarter. Dodge & Cox now owns 9,004,892 shares of the basic materials company's stock worth $2,455,814,000 after acquiring an additional 183,492 shares during the period. Finally, Capital International Investors raised its stake in Air Products and Chemicals by 7.4% during the third 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 during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Insiders Place Their Bets

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the business's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the sale, the director directly owned 93,499 shares in the company, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.88% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the stock a "neutral" rating in a research note on Monday, April 13th. Jefferies Financial Group increased their price objective on shares of Air Products and Chemicals from $300.00 to $313.00 and gave the stock a "buy" rating in a research note on Monday, February 2nd. Bank of America increased their price objective on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the stock a "neutral" rating in a research note on Tuesday. Sanford C. Bernstein reiterated an "outperform" rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Finally, Wells Fargo & Company upgraded shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $270.00 to $325.00 in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average target price of $308.06.

Air Products and Chemicals Trading Up 2.3%

Shares of NYSE:APD opened at $303.67 on Friday. The company has a market cap of $67.61 billion, a PE ratio of -201.11, a P/E/G ratio of 2.79 and a beta of 0.80. The company's 50-day moving average price is $286.50 and its 200 day moving average price is $267.71. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $304.00. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.12. The firm had revenue of $3.10 billion for 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%. Air Products and Chemicals's quarterly revenue was up 5.8% compared to the same quarter last year. 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. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.03 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.