Air Products and Chemicals, Inc. $APD Shares Sold by State of Michigan Retirement System

Key Points

• Large insider sale: Director Ridge Lp Mantle sold 70,175 shares at an average price of $284.21 (≈$19.94M), cutting their ownership by 42.87% while still holding 93,499 shares (~$26.6M).
• Institutional trimming: The State of Michigan Retirement System reduced its APD stake by 6.3%, selling 3,900 shares and leaving 58,221 shares worth $14.38M, amid overall institutional ownership of 81.66%.
• Company results and outlook: Air Products beat Q1 estimates (EPS $3.16 vs. $3.04; revenue $3.10B), set FY26 guidance of $12.85–13.15 EPS, has a consensus "Moderate Buy" target of $308.78, and announced a $1.81 quarterly dividend (2.4% yield).

State of Michigan Retirement System cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,221 shares of the basic materials company's stock after selling 3,900 shares during the quarter. State of Michigan Retirement System's holdings in Air Products and Chemicals were worth $14,382,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APD. Holos Integrated Wealth LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth $25,000. Richardson Financial Services Inc. raised its holdings in Air Products and Chemicals by 3,233.3% during the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company's stock worth $25,000 after purchasing an additional 97 shares during the last quarter. Caitlin John LLC acquired a new position in Air Products and Chemicals during the third quarter worth $30,000. Financial Life Planners acquired a new position in Air Products and Chemicals during the third quarter worth $30,000. Finally, Cloud Capital Management LLC acquired a new position in Air Products and Chemicals during the third quarter worth $34,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on APD shares. Berenberg Bank set a $350.00 price objective on Air Products and Chemicals and gave the stock a "buy" rating in a report on Monday, April 20th. Jefferies Financial Group lifted their price objective on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a "buy" rating in a report on Monday, February 2nd. UBS Group lifted their price objective on Air Products and Chemicals from $285.00 to $307.00 and gave the stock a "neutral" rating in a report on Thursday, April 9th. Weiss Ratings raised Air Products and Chemicals from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 9th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $282.00 price target on shares of Air Products and Chemicals in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of "Moderate Buy" and a consensus target price of $308.78.

Insider Buying and Selling

In related news, Director Ridge Lp Mantle sold 70,175 shares of the company'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 completion of the transaction, the director directly owned 93,499 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.88% of the company's stock.

Air Products and Chemicals Stock Performance

NYSE APD opened at $302.37 on Tuesday. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $307.29. The stock has a market cap of $67.32 billion, a price-to-earnings ratio of -200.24, a price-to-earnings-growth ratio of 2.84 and a beta of 0.80. The business has a fifty day moving average of $287.39 and a 200-day moving average of $268.18. 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 released its quarterly 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. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The company had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the previous year, the firm posted $2.86 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. 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, analysts predict that Air Products and Chemicals, Inc. will post 13.03 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be paid a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals's dividend payout ratio is presently -479.47%.

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.

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