Baxter Bros Inc. Sells 4,791 Shares of Air Products and Chemicals, Inc. $APD

Key Points

• Baxter Bros Inc. reduced its stake in Air Products and Chemicals by 32.6%, selling 4,791 shares in Q4 and retaining 9,900 shares valued at about $2.445 million.
• Director Ridge LP Mantle executed a large insider sale of 70,175 shares at an average price of $284.21 (≈$19.94M), trimming their holding by 42.87%; insiders now own 1.88% of the stock.
• Analysts have recently upgraded APD with an average price target of about $303.94 (consensus "Moderate Buy"), and the company raised its quarterly dividend to $1.81 (annualized $7.24, ~2.4% yield; ex-dividend April 1).

Baxter Bros Inc. reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 32.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,900 shares of the basic materials company's stock after selling 4,791 shares during the quarter. Baxter Bros Inc.'s holdings in Air Products and Chemicals were worth $2,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of APD. Holos Integrated Wealth LLC bought a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. grew its position 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 valued at $25,000 after buying an additional 97 shares during the period. Abound Wealth Management grew its position in Air Products and Chemicals by 292.3% during the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company's stock valued at $28,000 after buying an additional 76 shares during the period. Caitlin John LLC bought a new stake in Air Products and Chemicals during the third quarter valued at approximately $30,000. Finally, Financial Life Planners bought a new stake in Air Products and Chemicals during the third quarter valued at approximately $30,000. 81.66% of the stock is currently owned by institutional investors.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of Air Products and Chemicals stock in a transaction on Thursday, February 12th. The shares were 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 of the company's stock, valued at $26,573,350.79. This trade represents a 42.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.88% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Air Products and Chemicals from $300.00 to $313.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. 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. Weiss Ratings upgraded shares of Air Products and Chemicals from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 9th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $270.00 to $325.00 in a research report on Friday, March 13th. Finally, Bank of America upgraded shares of Air Products and Chemicals from an "underperform" rating to a "neutral" rating and set a $275.00 target price for the company in a research report on Thursday, January 8th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on 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 Price Performance

NYSE:APD opened at $297.02 on Friday. The company has a market capitalization of $66.13 billion, a P/E ratio of -196.70, a P/E/G ratio of 2.89 and a beta of 0.80. The business's 50-day moving average is $285.75 and its 200 day moving average is $266.81. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $301.25.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.12. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.4%. This is an increase from Air Products and Chemicals's previous quarterly dividend of $1.79. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals's dividend payout ratio (DPR) is -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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