Fifth Third Bancorp Has $30.13 Million Stock Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Fifth Third Bancorp trimmed its stake in Air Products by 4.8%, leaving it with 121,960 shares valued at about $30.13 million.
• Air Products beat Q2 expectations (EPS $3.20 vs. $3.06; revenue $3.17B vs. $3.07B) and raised FY2026 adjusted EPS guidance to $13.00–13.25, prompting multiple analysts to lift price targets (average target ≈ $318).
• The company announced a quarterly dividend of $1.81 per share (annualized $7.24, ~2.4% yield), while an insider sold 70,175 shares, cutting their holding by 42.9%.

Fifth Third Bancorp lessened its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,960 shares of the basic materials company's stock after selling 6,214 shares during the period. Fifth Third Bancorp owned about 0.05% of Air Products and Chemicals worth $30,127,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Dakota Community Bank & Trust NA raised its holdings in shares of Air Products and Chemicals by 5.3% in the fourth quarter. Dakota Community Bank & Trust NA now owns 756 shares of the basic materials company's stock valued at $187,000 after buying an additional 38 shares during the last quarter. Journey Strategic Wealth LLC raised its holdings in shares of Air Products and Chemicals by 3.7% in the third quarter. Journey Strategic Wealth LLC now owns 1,085 shares of the basic materials company's stock valued at $296,000 after buying an additional 39 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of Air Products and Chemicals by 1.0% in the third quarter. Essex Financial Services Inc. now owns 4,239 shares of the basic materials company's stock valued at $1,156,000 after buying an additional 40 shares during the last quarter. Hunter Associates Investment Management LLC raised its holdings in shares of Air Products and Chemicals by 2.9% in the fourth quarter. Hunter Associates Investment Management LLC now owns 1,423 shares of the basic materials company's stock valued at $353,000 after buying an additional 40 shares during the last quarter. Finally, Patton Fund Management Inc. raised its holdings in shares of Air Products and Chemicals by 4.9% in the fourth quarter. Patton Fund Management Inc. now owns 863 shares of the basic materials company's stock valued at $213,000 after buying an additional 40 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $301.11 on Friday. The stock has a market capitalization of $67.05 billion, a P/E ratio of -199.41, a P/E/G ratio of 2.82 and a beta of 0.77. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $307.29. The company has a current ratio of 1.43, a quick ratio of 1.23 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $288.71 and a two-hundred day moving average price of $268.96.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.14. The firm had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The company's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.69 EPS. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. Equities analysts predict that Air Products and Chemicals, Inc. will post 13.05 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals's payout ratio is currently -479.47%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on APD shares. Jefferies Financial Group lifted their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the company a "buy" rating in a report on Monday, February 2nd. UBS Group lifted their price target on Air Products and Chemicals from $307.00 to $316.00 and gave the company a "neutral" rating in a report on Friday. Wells Fargo & Company lifted their price target on Air Products and Chemicals from $325.00 to $340.00 and gave the company an "overweight" rating in a report on Friday. Royal Bank Of Canada lifted their price target on Air Products and Chemicals from $325.00 to $338.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Finally, Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $318.24.

Key Stories Impacting Air Products and Chemicals

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Q2 beat and guidance raise — Air Products reported adjusted Q2 EPS of $3.20 vs. consensus ~$3.06 and raised FY2026 adjusted EPS guidance to $13.00–13.25 (above prior outlook). Management cited stronger pricing, helium strength and new assets coming online. Q2 Results Release
• Positive Sentiment: Analyst upgrades and higher price targets — JPMorgan raised its target to $330 (overweight) and Wells Fargo to $340 (overweight), providing additional buy-side momentum. These lifts signal growing street confidence and imply double-digit upside vs. current levels. Benzinga
• Positive Sentiment: Capital discipline / capex reduction target — Management and press coverage note efforts to target ~$1B of capex reductions, which supports near‑term cash flow and EPS durability. MSN
• Positive Sentiment: New commercial wins and helium positioning — Company disclosed strategic wins (Samsung semiconductor supply, NASA/Artemis support) and steps to strengthen helium supply (increased U.S. production, storage/liquefaction) — supportive for longer‑term growth and pricing. Q2 Results Release
• Neutral Sentiment: Investor resources and transcripts — Multiple analyst notes, earnings call transcript and slide deck are available for deeper review; these are informational but don’t change the near‑term narrative. Earnings Transcript
• Neutral Sentiment: AISTech trade show presence — Air Products will showcase low‑carbon iron & steel solutions at AISTech2026 and donate to the AIST Foundation; positive from an ESG/business development angle but more long-term. AISTech2026
• Negative Sentiment: Profitability nuance — Some published summaries note a negative net margin metric (reflecting non‑GAAP adjustments or one‑time items), which is a reminder to vet GAAP vs. adjusted figures and any transient charges when modeling earnings. MarketBeat Earnings Summary

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 stock was sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the completion of the sale, the director directly owned 93,499 shares of the company's stock, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.88% of the company's stock.

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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