Air Products and Chemicals (NYSE:APD) Stock Sold Rep. Richard McCormick
by Tristan Rich · The Markets DailyRepresentative Richard McCormick (Republican-Georgia) recently sold shares of Air Products and Chemicals, Inc. (NYSE:APD). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Air Products and Chemicals stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.
Representative Richard McCormick also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.
Air Products and Chemicals Stock Performance
Air Products and Chemicals stock opened at $300.68 on Tuesday. The firm’s 50 day simple moving average is $293.96 and its 200-day simple moving average is $289.79. The company has a market cap of $66.96 billion, a P/E ratio of -1,366.73, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87.
Air Products and Chemicals (NYSE:APD – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $3.09 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. As a group, equities research analysts predict that Air Products and Chemicals, Inc. will post 13.45 EPS for the current year.
Air Products and Chemicals Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on APD shares. JPMorgan Chase & Co. raised their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada upped their price target on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Mizuho raised their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Citigroup lifted their target price on Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, UBS Group increased their price target on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $332.76.
Get Our Latest Analysis on APD
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of APD. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals during the 1st quarter worth about $25,000. Fiduciary Financial Advisors acquired a new position in Air Products and Chemicals in the second quarter worth about $25,000. Cornerstone Planning Group LLC raised its position in Air Products and Chemicals by 318.2% in the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 70 shares in the last quarter. Main Street Group LTD bought a new position in Air Products and Chemicals during the first quarter worth about $27,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $25,000. 81.66% of the stock is owned by institutional investors.
About Representative McCormick
Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.
Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.
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.