Resources Management Corp CT ADV Cuts Stock Holdings in Air Products and Chemicals, Inc. $APD

Key Points

• Resources Management Corp CT ADV cut its Air Products and Chemicals stake by 42.8% in the fourth quarter, selling 4,062 shares and leaving it with 5,418 shares valued at about $1.34 million.
• Air Products and Chemicals reported better-than-expected quarterly results, with EPS of $3.20 versus $3.06 expected and revenue of $3.17 billion, up 8.8% year over year. The company also reaffirmed upbeat guidance for FY 2026.
• The company declared a quarterly dividend of $1.81 per share, or $7.24 annually, for a yield of 2.6%. Meanwhile, analysts remain mostly positive, with a consensus rating of Moderate Buy and an average price target of $323.12.

Resources Management Corp CT ADV decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,418 shares of the basic materials company's stock after selling 4,062 shares during the quarter. Resources Management Corp CT ADV's holdings in Air Products and Chemicals were worth $1,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in APD. Holos Integrated Wealth LLC purchased a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. grew 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 valued at $25,000 after buying an additional 97 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Up 0.0%

Shares of Air Products and Chemicals stock opened at $281.69 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $307.96. The company has a market cap of $62.73 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74. The company's 50 day moving average is $292.68 and its 200 day moving average is $276.41.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings results 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. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm earned $2.69 earnings per share. The company's quarterly revenue was up 8.8% on a year-over-year basis. 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. Research analysts anticipate that Air Products and Chemicals, Inc. will post 13.2 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be given a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 annualized dividend and a yield of 2.6%. Air Products and Chemicals's dividend payout ratio (DPR) is presently 76.61%.

Insiders Place Their Bets

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the transaction, the chief financial officer directly owned 14,212 shares in the company, valued at approximately $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.88% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on APD. BMO Capital Markets upgraded shares of Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 price objective on the stock in a research report on Friday, May 1st. Citigroup increased their price objective on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the company a "neutral" rating in a research report on Monday, April 13th. Bank of America increased their price objective on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a "neutral" rating in a research report on Tuesday, April 21st. Mizuho set a $345.00 price objective on shares of Air Products and Chemicals in a research report on Friday, May 1st. Finally, UBS Group increased their price objective on shares of Air Products and Chemicals from $307.00 to $316.00 and gave the company a "neutral" rating in a research report on Friday, May 1st. One 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $323.12.

About Air Products and Chemicals

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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