Massachusetts Financial Services Co. MA Cuts Stock Position in Air Products and Chemicals, Inc. $APD

Key Points

• Massachusetts Financial Services cut its stake in Air Products and Chemicals (APD) by 27.8% in Q4, selling 321,525 shares and retaining 835,033 shares (about 0.38% of the company) valued at roughly $206.27 million.
• Air Products beat Q1 expectations with $3.16 EPS and $3.10B revenue (up 5.8% YoY), set Q2 2026 guidance of $2.95–3.10 EPS and FY2026 guidance of $12.85–13.15 EPS, and raised its quarterly dividend to $1.81 ($7.24 annualized, ~2.4% yield).
• Director Ridge Lp Mantle sold 70,175 shares at an average price of $284.21 for about $19.94 million (a 42.87% reduction), leaving the director with 93,499 shares; insiders own 1.88% of APD.

Massachusetts Financial Services Co. MA lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 835,033 shares of the basic materials company's stock after selling 321,525 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.38% of Air Products and Chemicals worth $206,270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Triad Wealth Partners LLC increased its holdings in Air Products and Chemicals by 8.3% in the 4th quarter. Triad Wealth Partners LLC now owns 2,713 shares of the basic materials company's stock worth $670,000 after acquiring an additional 208 shares in the last quarter. Bfsg LLC boosted its stake in Air Products and Chemicals by 10,764.6% during the 4th quarter. Bfsg LLC now owns 30,421 shares of the basic materials company's stock worth $7,515,000 after purchasing an additional 30,141 shares during the last quarter. Cardinal Capital Management Inc. boosted its stake in Air Products and Chemicals by 3.4% during the 4th quarter. Cardinal Capital Management Inc. now owns 124,278 shares of the basic materials company's stock worth $30,699,000 after purchasing an additional 4,045 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in Air Products and Chemicals by 10.3% during the 4th quarter. Douglas Lane & Associates LLC now owns 336,847 shares of the basic materials company's stock worth $83,208,000 after purchasing an additional 31,500 shares during the last quarter. Finally, Kennebec Savings Bank boosted its stake in Air Products and Chemicals by 4.0% during the 4th quarter. Kennebec Savings Bank now owns 1,719 shares of the basic materials company's stock worth $425,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors 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 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 transaction, the director 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 legal filing with the SEC, which can be accessed through this link. Insiders own 1.88% of the company's stock.

Air Products and Chemicals Trading Up 0.1%

Shares of APD stock opened at $298.89 on Monday. The company's 50-day moving average price is $284.37 and its 200-day moving average price is $265.95. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97. The stock 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. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $301.25.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations 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%. 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. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders 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 dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from Air Products and Chemicals's previous quarterly dividend of $1.79. Air Products and Chemicals's dividend payout ratio is presently -479.47%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $270.00 to $325.00 in a research note on Friday, March 13th. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $280.00 to $310.00 in a research note on Friday, March 20th. Mizuho lowered 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 research note on Thursday, December 18th. Weiss Ratings raised shares of Air Products and Chemicals from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 9th. Finally, UBS Group lifted their target price on shares of Air Products and Chemicals from $285.00 to $307.00 and gave the stock a "neutral" rating in a research note on Thursday. Ten 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $302.18.

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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