Greenup Street Wealth Management LLC Has $993,000 Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Greenup Street Wealth Management LLC cut its stake in Air Products and Chemicals by 57.1%, selling 5,353 shares and leaving 4,020 shares valued at about $993,000 in its latest 13F filing.
• Director Ridge Lp Mantle sold 70,175 shares at an average price of $284.21 for roughly $19.94 million, reducing their ownership by 42.87% to 93,499 shares.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $302.18 following multiple upgrades and target increases.

Greenup Street Wealth Management LLC lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 57.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,020 shares of the basic materials company's stock after selling 5,353 shares during the period. Greenup Street Wealth Management LLC's holdings in Air Products and Chemicals were worth $993,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Brown Lisle Cummings Inc. lifted its holdings in shares of Air Products and Chemicals by 1.9% during the fourth quarter. Brown Lisle Cummings Inc. now owns 2,656 shares of the basic materials company's stock worth $656,000 after purchasing an additional 50 shares during the period. Diversify Advisory Services LLC lifted its holdings in shares of Air Products and Chemicals by 4.0% during the fourth quarter. Diversify Advisory Services LLC now owns 6,951 shares of the basic materials company's stock worth $1,859,000 after purchasing an additional 266 shares during the period. Argus Investors Counsel Inc. lifted its holdings in shares of Air Products and Chemicals by 20.1% during the fourth quarter. Argus Investors Counsel Inc. now owns 895 shares of the basic materials company's stock worth $221,000 after purchasing an additional 150 shares during the period. Richardson Financial Services Inc. lifted its holdings in shares of 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 period. Finally, Triad Wealth Partners LLC lifted its holdings in shares of Air Products and Chemicals by 8.3% during the fourth quarter. Triad Wealth Partners LLC now owns 2,713 shares of the basic materials company's stock worth $670,000 after purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Buying and Selling at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the company'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 transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.88% of the company's stock.

Analysts Set New Price Targets

APD has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Air Products and Chemicals from $272.00 to $285.00 and gave the company a "neutral" rating in a report on Monday, February 2nd. Weiss Ratings upgraded shares of Air Products and Chemicals from a "sell (d+)" rating to a "hold (c-)" rating in a 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 report on Friday, March 13th. 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 report on Monday, February 2nd. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $302.18.

Air Products and Chemicals Price Performance

APD stock opened at $298.89 on Friday. The company's fifty day simple moving average is $284.37 and its 200 day simple moving average is $265.99. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $301.25. The firm has a market cap of $66.55 billion, a price-to-earnings ratio of -197.94, a PEG ratio of 2.93 and a beta of 0.80. 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 announced 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. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business earned $2.86 earnings per share. The business's quarterly revenue 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. On average, analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $1.81 per share. This is an increase from Air Products and Chemicals's previous quarterly dividend of $1.79. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals's dividend payout ratio (DPR) is currently -479.47%.

Air Products and Chemicals Company 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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